Lowe's Cos posted a smaller-than-expected drop in first-quarter comparable sales on Wednesday, helped by customer spending on home maintenance projects even as they held off on big-ticket purchases amid higher borrowing costs.

Lowe's maintained its outlook for the year even as sales declined in its latest quarter, joining a handful of companies to stick with its guidance despite uncertainty brought on by tariffs.

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Home improvement retailer Lowe's Cos posted a smaller-than-expected drop in first-quarter comparable sales on Wednesday, as shoppers spent on maintenance projects while holding off on big-ticket purchases amid higher borrowing costs.

Home renovation retailer Lowe’s is offering big discounts as part of their Memorial Day sale, running from today until Wednesday, May 28. Lowe’s is featuring up to 40% off select appliances, as well as lots of garden tools,

Morgan Stanley said the market is expecting Lowe’s to report -3% comparable sales versus -2% consensus mainly due to lower traffic, implying a ~100 bps deceleration on a 2-year stack.

The home improvement retailer posted revenue of $20.93 billion in the period, which also beat Street forecasts. Eleven analysts surveyed by Zacks expected $20.92 billion. Lowe's expects full-year earnings to be $12.15 to $12.40 per share, with revenue in the range of $83.5 billion to $84.5 billion.

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After Walmart recently warned that tariffs would force it to raise some prices, Home Depot said it [would hold the line](https://

Lowe's Companies ( NYSE: LOW) gained in premarket action despite beating consensus estimates with its Q1 earnings report and sticking by its full-year guidance despite the macroeconomic backdrop.