Overview

• Lowe's first-quarter earnings and revenue surpassed analyst estimates, despite a year-over-year decline.
• Comparable sales fell 4.1% in Q1, but smaller garden and lawn projects saw growth.
• Professional contractor sales increased, contributing to better-than-expected results.
• CEO Marvin Ellison highlighted gains in digital sales and market share among professionals.
• Lowe's reaffirmed its full-year outlook, projecting total sales between $84 billion and $85 billion.