Backs FY22 revenue view $97B-$98B, consensus $97.41B. Sees FY22 comparable sales flat to down 1%. Sees FY22 adjusted effective tax rate 25%. Sees FY22 capital expenditures $2B. Sees FY22 adjusted operating income 13%. The company said, "Lowe’s affirms its full year 2022 financial outlook. All adjusted measures exclude asset impairment and expected transaction costs associated with the sale of our Canadian retail business, which is expected to close in early 2023."
Published first on TheFly
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