Overall, the sales data from the publicly traded companies focused on home improvement and building materials shows a trend toward growth. Twenty-one companies showed sales gains over the previous year’s quarter, and nine showed sales declines.
Analysis of the sales data also shows:
The bad: Punishing weather was a common theme across the spectrum, contributing to nine companies’ posting quarterly sales declines.
The ugly: Louisiana-Pacific sales of $445 million declined 16% from the prior-year quarter, the largest percentage decline on the Stock Watch.
Quotable: “The theme for this year’s spring plan was ‘Spring is Calling.’ It didn’t call as early as we initially expected, but when it did, we were well prepared and where id did, we performed well.”
-- Mike Jones, Lowe’s chief customer officer.