Lowe's said Wednesday that its first-quarter net income rose nearly 3 percent, but results fell short of expectations as rainy weather hurt spring gardening sales.
CEO Robert Niblock, speaking on a conference call with analysts, discussed how results fared in areas that didn't have chilly weather this spring.
Question: Can you talk about areas that didn't have weather extremes and how they fared?
Response: "If you look across our Southern tier where we had better weather, we certainly saw much better performance, positive (revenue in stores open at least one year) across the deep South southern tier. When weather broke, we had more opportunity to capitalize on seasonal business across those markets."