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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 (119) | Send Message
     
    Lowes "exceeding" with less than 1% comparable store sales growth....wow....this market is ridiculous
    21 May 2014, 08:42 AM Reply Like
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