Lowe’s announced total sales for the first quarter ended May 3rd, 2019.

  • Net sales increased 2.2% compared to the same quarter a year ago to USD17.7B
  • Comparable sales for the quarter increased 3.5% overall
  • Comparable sales for the U.S. home improvement business increased 4.2%
  • Comparable average ticket increased by 1.3%
  • Transactions increased by 2.2%

The retailer also updated its Fiscal 2019 guidance:

  • Sales are now expected to increase by approximately 2.0%.
  • Comps are expected to increase by approximately 3.0%.
  • Operating margin is expected to increase approximately 310 to 340 basis points

As of May 3rd, 2019, Lowe’s operated 2,002 stores across the U.S. and Canada

Source: Lowe's Press Release