Lowe’s reports comparable sales growth of 4.2 per cent in the US

Lowe's reports sales of USD 17.741 bn (EUR 15.897 bn) in the first quarter of fiscal 2019/2019 (ended: 3 May). This is an increase of 2.2 per cent compared to last year's first quarter. Overall comparable sales increased 3.5 per cent, comparable sales for the US home improvement business increased 4.2 per cent.
"Our first quarter comparable sales performance is a clear indication that the consumer is healthy and our focus on retail fundamentals is gaining traction. Our commitment to improving in-stocks and customer service coupled with our focus on winning with the pro customer were integral to driving improved sales," comments Marvin R. Ellison, Lowe's president and CEO.