Lowe's Reports Strong Earnings Despite Decline in Big-Ticket Sales

The home improvement retailer beats Wall Street expectations as digital and professional contractor sales offset consumer spending slowdown.

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.