During the first quarter, the home improvement retailer recorded a comparable-sales increase of 7.3 percent, including a 7.5 percent lift from its U.S. business.
Those figures exceeded the results reported by Home Depot one day earlier, when the chain reported a first-quarter comparable-sales gain of 6.5 percent and a 7.4 percent gain in the U.S.
The quarter marked the first three-month period since second quarter 2010 that Lowe's domestic comparable sales growth topped Home Depot's, according to Citi analyst Kate McShane.
It was also just the second time in the last 27 quarters that Lowe's topped Home Depot on this measure for their overall businesses, according to Retail Metrics. Prior to this quarter, the last time Lowe's overall same-store sales topped those at Home Depot was second quarter 2015.
Lowe's cited demand from its professional shoppers as one contributor to its big same-store sales beat. Analysts had been expecting the company to report a comparable sales gain of roughly 4 percent.