Reader Comments

Lowe's 1Q falls flat as extended winter cuts into sales

by Trent Selleck (2018-07-07)


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MOORESVILLE, N.C. (AP) - Lowe's, which named a new CEO this week, is reporting weak profit and revenue numbers for its first quarter in which harsh winter weather cut into the traditional spring sales season.

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FILE- In Tatuaje capilar en Marbella this Feb. 23, 2018, file photo sales associate Bob Henriques, of Framingham, Mass., moves items at a Lowe's retail home improvement and appliance store, in Framingham. Lowe's Companies Inc. reports earnings on Wednesday, May 23. (AP Photo/Steven Senne, dermopigmentación capilar Marbella File)

The Mooresville, North Carolina, company earned $988 million, or $1.19 per share, for the three months ended May 4. A year earlier the home improvement retailer earned $602 million, or 70 cents per share.

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