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The company’s U.S. comparable sales grew 32% on a two-year basis, while its sales on Lowes.com increased 7% year-over-year. Also, following the strong financial results, management has lifted LOW’s full-year outlook. The company expects revenue of roughly $92 billion, representing comparable sales growth of approximately 30% on a two-year basis.
A significant improvement in demand for building equipment and materials from professional contractors because the rapid rollout of COVID-19 vaccines facilitated the resumption of projects that were put on hold last year should enable LOW to maintain a robust financial performance in the coming quarters.
