Lowe's announced that it will increase customer-facing hours in its stores at a time when Lowe's reported that it grew sales 4.5% in the second quarter. Wall Street was expecting Lowe's to increase revenue by just 4.3%.
Lowe's shares were down 5.66% to $71.53 in afternoon trading Wednesday.
Don't miss these top stories on TheStreet:
- Samsung Debuts the Galaxy Note8, The 'Next Level Note'
- Looks Like Apple Just Killed the iCar
- The Federal Reserve Will Have an Insane $10 Trillion in Assets, Top Expert Warns
- We Might Have Unlocked the Secret Behind Amazon's Big Deal for Whole Foods
- Blue Apron Hiring Freeze Comes After Meal Kit Company Takes Blows From Indexes
- Berkshire Hathaway Stock Reaches All-Time High on S&P's Vote of Confidence