Lowe's beats quarterly comparable sales estimates
ReutersMay 21, 2025 10:02 AM
May 21 (Reuters) - Home improvement retailer Lowe's Cos LOW.N posted a smaller-than-expected drop in first-quarter comparable sales on Wednesday, as shoppers spent on maintenance projects while holding off on big-ticket purchases amid higher borrowing costs.
The company reported a 1.7% drop in same-store sales for the quarter ended May 2, compared with analysts' average estimate of a 2% decline, according to data compiled by LSEG.
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