Online shoppers, contractors and other professionals in the home improvement space drove a strong recovery in the spring for Lowe’s (LOW), propelling the retailer to a better-than-expected performance in the second quarter.
"Our investments in our Total Home strategy continued to drive growth across Pro and online this quarter. And we are excited by our recent launch of same-day delivery nationwide and the expansion of our rural merchandising framework to roughly 300 stores," Lowe’s CEO Marvin R. Ellison said in a statement commenting on the results.
