Lowe's Cos predicted revenue and profit for the full year of 2022 below analysts' expectations on Wednesday, warning that a pandemic-driven boom in demand for home renovation supplies would subside and sending its stock down 4%.

Lowe's forecasted a 3% drop in same-store sales in 2022, as the lifting of coronavirus limitations drives Americans to abandon some pandemic shopping habits like buying paint, tools, and gardening equipment for DIY projects.Lowe's (@Lowes) / Twitter

According to Refinitiv IBES data, the business expects total revenues of $94 billion to $97 billion in 2022, which is lower than analysts' expectations of $97.66 billion. Its forecast for 2022 earnings per share of $12.25 to $13 was likewise well below analysts' expectations of $12.93 per share.