Lowe's posts net gain for first quarter despite weak sales

05/23/2013 | Home Textiles Today · Home Channel News

Lowe’s managed to post a 2.5% increase in net earnings despite a lackluster first quarter that saw sales slide by 0.5%. "Results for indoor categories were solid for the quarter, a testament to the team’s continued focus on improving our core business through cross-functional collaboration and consistent execution in stores and across other selling channels. Cooler than normal temperatures and greater precipitation resulted in a delayed spring selling season, which impacted our results in exterior categories," said company Chairman and CEO Robert Niblock.

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Home Textiles Today · Home Channel News

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