0812 ET - Lowe's 1Q performance was in-line as outsized early pressure in the quarter eased on normalizing weather, Truist Securities says in a research note. "With what appears to be an increasingly stable base of core home improvement demand, despite macro/tariff uncertainties, we remain buyers of Lowe's as we expect continued improvement in sales/earnings during the course of CY25," the analysts say. The home improvement retailer reaffirmed its 2025 guidance, while the comp sales decline of 1.7% was better than consensus. Shares tick up 2.1% to $236 premarket. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
May 21, 2025 08:12 ET (12:12 GMT)
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