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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.