Lowe’s Companies, Inc.: Will The Seasonality & Changing Demand Trends Have An Impact On Its Near-Term Performance?

In the fourth quarter of 2023, Lowe’s Companies reported a decline in comparable sales of 6.2% due to cautious consumer spending on home improvement projects and unfavorable weather. The company faced challenges in attracting the do-it-yourself(DIY) customer segment to spend on big-ticket home improvement purchases, as macroeconomic factors such as persistent inflation and a stagnant housing market led these customers to focus on smaller, value-oriented projects.