Improved margins at Lowe's in FQ1

Lowe's (LOW) reports comparable-store sales increased 0.9% in FQ1. The mark was well-below the 3.3% comp Home Depot delivered for a similar period.

The company improved its gross margin rate by 70 bps to 35.5% during the period.

Sales in May have shown some acceleration, according to execs.

LOW +2.2% premarket

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Comments (2)
  • norteamericano
    , contributor
    Comments (45) | Send Message
    So Lowes exceeds and Home Depot falters. What if anything does this say about the broader economy?
    21 May 2014, 08:25 AM Reply Like
  • quinnman
    , contributor
    Comments (138) | Send Message
    Lowes "exceeding" with less than 1% comparable store sales market is ridiculous
    21 May 2014, 08:42 AM Reply Like
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