Lowe’s Cos. outpaced rival Home Depot Inc. in sales growth for the first time since 2016, but margins declined more than expected and the home-improvement retailer trimmed its profit expectations for the year. Lowe’s said comparable sales rose 3.5% in the quarter ended May 3, picking up later in the period after a rainy February curbed demand.

Source: Wall Street Journal May 22, 2019 12:44 UTC