Lowe's
Q1 2022 Earnings Call
May 18, 2022, 9:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good morning, everyone. And welcome to Lowe's Companies' first quarter 2022 earnings conference call. My name is Kevin, and I'll be your operator for today's call. As a reminder, this conference is being recorded.
I will now turn the call over to Kate Pearlman, vice president, investor relations. Please go ahead, Kate.
Kate Pearlman -- Vice President, Investor Relations
Thank you, and good morning. Here with me today are Marvin Ellison, chairman and chief executive officer; Bill Boltz, our executive vice president, merchandising; Joe McFarland, our executive vice president, stores; and Brandon Sink, our executive vice president and chief financial officer. I would like to remind you that our notice regarding forward-looking statements is included in our press release this morning, which can be found on Lowe's investor relations website. During this call, we will be making comments that are forward-looking, including our expectations for fiscal 2022.
Actual results may differ materially from those expressed or implied as a result of various risks, uncertainties, and important factors, including those discussed in the risk factors, MD&A, and other sections of our annual report on Form 10-K and our other SEC filings. Additionally, we will be discussing certain non-GAAP financial measures. A reconciliation of these items to U.S. GAAP can be found in the quarterly earnings section of our investor relations website.
Before we turn to our first-quarter results, I would like to announce that we will be hosting an Analyst and Investor Conference in person on Wednesday, December 7, from 8 a.m. to 1 p.m. Eastern Time in New York City. For those of you who are unable to attend in person, the event will also be live-streamed on video.
At this event, our executive leadership team will provide updates on the key growth initiatives in our Total Home strategy and our long-term financial targets. With that, I'll turn the call over to Marvin.
Marvin Ellison -- Chairman and Chief Executive Officer
Thank you, Kate, and good morning, everyone. In the first quarter, our total company comparable sales declined 4% with the U.S. comps down 3.8%. Excluding our seasonal category, sales were in line with our expectations for the first quarter.
Looking at sales goals on a two-year basis, total company comps and U.S. comps were up approximately 20%. In Pro, we delivered growth of 20% and 64% on a two-year basis. We also saw solid DIY demand for core nonseasonal home improvement projects.