The Company continues to execute a disciplined capital allocation program to deliver long-term, sustainable shareholder value. Looking forward, I remain confident in our ability to accelerate our market share gains while driving further improvement in operating margin." "I would like to thank our front-line associates for their hard work and commitment to delivering exceptional customer service. regions, and growth in Canada that outpaced the U.S.," commented Marvin R. We delivered over 30% growth in Pro, over 18% growth in all 15 U.S. "Our outstanding performance continued this quarter, as we delivered strong sales growth and operating margin expansion.
This payout to front-line hourly associates totals a record $152 million, which is $70 million above the target level.
home improvement business increased 24.4% for the first quarter.įor the fifth consecutive quarter, 100% of Lowe's stores earned a Winning Together profit-sharing bonus. Total sales for the first quarter were $24.4 billion compared to $19.7 billion in the first quarter of 2020, and comparable sales increased 25.9%.
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