(Reuters) – Lowe’s Cos Inc beat estimates for quarterly same-store sales on Wednesday, benefiting from sustained demand from people sprucing up their homes as the COVID-19 pandemic drags on.
Same-store sales rose 28.1% in the fourth quarter ended Jan. 29, beating analysts’ estimates of a 21.2% increase, according to IBES data from Refinitiv. In comparison, larger rival Home Depot Inc reported a 24.5% gain on Tuesday.
(Reporting by Uday Sampath in Bengaluru; Editing by Anil D’Silva)
