Lowe’s US Home Improvement Comp Sales Soar

Lowe’s Companies reported that comparable sales for its U.S. home improvement business surged by approximately 25 percent for the first quarter, according to a Wednesday (May 19) announcement.

The home improvement retailer reported $24.4 billion in total sales for the first quarter, which were up significantly from $19.7 billion in the same quarter the previous year. It also posted $3.21 in first quarter diluted earnings per share (EPS).

“Our outstanding performance continued this quarter, as we delivered strong sales growth and operating margin expansion,” Lowe’s President