Business

Lowe's Cuts Sales Outlook

Lowe's just couldn't do it as well as Home Depot. The U.S.' second largest home improvement retailer bounced back from the mean winter with big increases in quarterly profit and sales as customers bought tools to do the work they had put off. But those increases were less than that of its bigger rival. And Lowe's cut its full-year sales growth forecast to 4.5 percent whereas Home Depot kept its target at 4.8 percent.

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