The company's results fell slightly short of analysts' predictions. But Lowe's CEO
"We executed well during the quarter, despite an unexpectedly prolonged winter in many areas of the country," said Niblock, in a statement. "While poor weather dampened traffic and negatively impacted performance of exterior categories, results for indoor categories were solid."
Lowe's profits rose 16 percent from the same quarter a year ago, to
Sales at Lowe's stores open for a year or more -- considered a key measure of a retailer's health -- rose 0.9 percent. That lagged
Lowe's operates 1,836 stores in the U.S.,
The spring season is typically the most important for Lowe's and other home improvement retailers, the equivalent of the winter holiday season at other stores.
The company's results fell slightly short of analysts' expectations.
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