Strong quarter for Lowe's, shares higher

Lowe's (LOW) reports comparable-store sales rose 9.6% during a quarter that saw the same theme as Home Depot of strong home improvement demand and improved store execution.

Gross margin increased 42 bps to 34.35%.

For FY 13, the company expects to see comp sales increase 4.5%. (PR)

LOW +3.5% premarket.

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Comments (2)
  • Chester the Income Investor
    , contributor
    Comments (470) | Send Message
    a good example of letting your winners run...
    21 Aug 2013, 07:46 AM Reply Like
  • J Mintzmyer
    , contributor
    Comments (8868) | Send Message
    Someone retail-sided finally beat expectations (I guess BBY did too...). Kind of obvious watching home sales and Re-fis though.
    21 Aug 2013, 09:07 AM Reply Like
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