Lowe’s Cos. releases 2022 outlook

Lowe’s Cos. this week offered its outlook for the 2022 fiscal year. Total sales of $94 billion to $97 billion are expected. A 53rd week in the year is expected to increase total sales by approximately $1 to $1.5 billion. The company is anticipating either flat comp sales or a decline of up to three percent. Diluted earnings per share are estimated in the range of $12.25 to $13.