Dive Summary:

• Lowe's Cos Inc's sales in the quarter ending Feb. 1 benefited from Hurricane Sandy sales and the home improvement chain's makeover efforts.
• The retailer's quarterly results beat analysts' estimates Monday and Lowe's forecast higher revenue for the current fiscal year, saying it expects a total sales increase of 4% over the previous year.
• In its attempt to make itself over, Lowe's has closed stores, halted openings, cut jobs, streamlined its supply chain and invested in its stores, equipping employees with iPhones to better assist customers in researching products and offering region-specific products.

From the article:

(Reuters) - Lowe's Cos Inc's (LOW.N) quarterly results beat analysts' estimates on Monday as sales benefited from rebuilding after Hurricane Sandy and the retailer's own efforts to improve product selection and customer service. ...