Lowe's, the No.2 U.S. home improvement chain, reported stronger-than-expected growth in its quarterly sales, helped by higher demand for items such as appliances and outdoor power equipment.
The company's same-store sales rose 4.3% in the second quarter, stronger than the 3.9% expected by analysts.
Lowe's net income rose to $1.13 billion, or $1.20 per share in the second quarter from $1.04 billion, or $1.04 per share, a year earlier. Net sales rose 4.5% to $17.35 billion.