Lowe's Q1 Earnings: 3 Standout Numbers
Lowe's (NYSE: LOW) investors have a few good reasons to celebrate in early 2021. Sure, the home improvement giant's first-quarter report failed to extend its streak of market share wins against industry leader Home Depot (NYSE: HD). But the chain still took full advantage of the favorable selling conditions over the last few months and rewarded shareholders along the way.
Let's look at some standout metrics from Lowe's first-quarter operating update.
Comparable-store sales rose 26% overall year over year and increased 24% in the core U.S. market. That boost wasn't good enough to beat Home Depot, which expanded comps by a blazing 30% after trailing Lowe's in each of the last three quarters. And it marked a slowdown compared to the prior quarter. However, Lowe's passed its own sales targets and gained ground in some areas like the attractive professional contractor niche.
Source Fool.com
