Reports Q1 revenue $21.36B, consensus $21.12B. Comparable sales for the quarter decreased 4.1%. “We are pleased with our start to spring, driven by strong execution and enhanced customer service,” said Marvin Ellison, Lowe’s chairman, president and CEO. “This quarter we rolled out our new DIY loyalty program nationally, expanded same-day delivery options and took market share in key categories. We continue to gain momentum with our Total Home strategy, reflected in our growth in Pro and online. I would like to thank our frontline associates for their hard work, commitment to customers and disciplined focus on productivity.”
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