Lowe’s delivered a decent result to start off the new fiscal year despite facing tough comps. The company’s comparable sales in the United States fell 3.8% in the first quarter but were up 19.7% year over year. It had a strong positive comp in building products, thanks to its success with the Pro, and sales in home decor exceeded its expectations as a result of the strong DIY demand. However, due to a delayed spring season, comps and hardlines were lower than the previous year which was a setbac ....
