Higher home renovation spending drives sales at Lowe's


(Reuters) – Lowe's Cos Inc , the No. 2 U.S. home improvement chain, reported same-store sales well above analysts' estimates as lower gas prices and an improving job market encouraged Americans to spend more on home renovations. Lowe's shares rose 2.5 percent to $76.50 premarket as the company also forecast full-year sales above estimates. "Macroeconomic fundamentals are aligned for modestly …

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