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Lowe’s sees 2024 gross margins ‘roughly flat’
The Fly

Lowe’s sees 2024 gross margins ‘roughly flat’

Says “perfectly positioned” to grow and take market share in the long-term. Says not forecasting improvement in demand trends in 2024, but expects comparisons to be easier in second half. Expects ticket to hold up in 2024, sees pullback in transactions. Says more focused on space productivity vs. opening new stores.

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