“Number 2 US home improvement chain Lowe’s reported a weaker-than-expected quarterly profit, hurt by a slow start to the spring selling season.
Colder-than-usual weather and high precipitation rates kept many shoppers away in many parts of the United States, Lowe’s [LOW 25.76 
-0.22 (-0.85%) 
] main market.
Both Lowe’s and larger rival Home Depot [HD 37.01 -0.28 (-0.75%) ] are also up against strong numbers from last year, when a first-time homebuyer tax credit and “cash for appliances” program helped boost demand.
Home Depot is due to report its results on Tuesday.”
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