Uptick In Consumer Spending Could Boost Sales For Lowe's In Q2

As the domestic housing industry regains momentum, after a slight slump in the early part of the year, sales to professional (pro) customers should improve for Lowe's this quarter. Comparable sales growth for the pros business, which forms around 30% of the net revenues for Lowe's, was three times the company average in the first quarter. In addition to higher anticipated pro customer sales, sales to do-it-yourself consumers is also expected to grow due to higher consumer spending this quarter, ...