Lowe’s 1Q Performance Was Best in the West

Lowe’s notched its best regional performance in 1Q come from the Western U.S., says Joe McFarland, executive vice president of stores, on a call with analysts. He says markets that saw the best weather during the quarter generated the best performance. CFO Brandon Sink notes that the performance from its professional customer cohort, which make up about a quarter of overall sales, was consistent across all regions. CEO Marvin Ellison adds that the company’s rural locations were its best performing subset of stores in 1Q, while the western markets outperformed overall.

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