Improved margins at Lowe's in FQ1

|About: Lowe's Companies, Inc. (LOW)|By:, SA News Editor

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