The scintillating housing market continues to lift Lowe’s (LOW). The home improvement retailer reported sales and earnings that topped Wall Street’s forecasts, just like rival Home Depot (HD) did a day earlier.

Lowe’s said Wednesday that it posted a net profit of $2.3 billion in the first quarter, a nearly 75% surge from the same period a year ago. Revenue was up almost 25% from the first quarter of 2020 — when the US economy went into a virtual standstill due