News

Lowe's same-store sales drive bigger revenue, profits

March 9, 2017

Lowe's posted profit and revenue growth in its latest quarter due to a boost in same-store sales, according to a Market Watch report.

And it expects the rosy financial scenario to continue this year, notes the report.

Sales increased 4.2 percent, way above analysts' expectations of 2.4 percent growth, and revenue grew 19 percent, hitting $15.78 billion.