Lowe's Tops First Quarter Sales Estimates on Pro Demand
Lowe's reported first-quarter sales of $23.08 billion, beating analyst estimates. Steady professional demand helped offset a decline in large DIY home projects.
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LOWE'S COS INC reported first-quarter sales of $23.08 billion, exceeding analyst projections by $110 million. Professional customer demand offset a decline in big-ticket do-it-yourself projects among households. The beat underscores resilient contractor activity despite consumer caution on major home improvement spending.
