Lowe’s third quarter sales essentially flat over last year

Lowe’s Cos. reported its third-quarter results this morning. The Mooresville, N.C., company said that sales were US$20.2 billion, compared with US$20.5 billion in the 2023 quarter. Comp store sales were off 1.1 percent, “driven by continued softness in DIY bigger-ticket discretionary demand, which was partly offset by storm-related sales and positive comp sales in pro and online,” the company said in a release.