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LOWE'S ANNOUNCES APRIL SALES

 NORTH WILKESBORO, N.C., May 3 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announced its April sales totaled $462.2 million, a 14 percent increase over April 1992. Retail sales increased 18 percent and sales to contractors grew 4 percent.
 5 Weeks Ended: Apr. 30, 1993 May 1, 1992
 Pct. Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales + 18 $340.4 74 $288.9 71
 Contractor Sales + 4 $121.8 26 $116.7 29
 Total Sales + 14 $462.2 100 $405.6 100
 Comparable Stores(A) 265 + 8 $390.2 84 $360.2 89
 New Projects(B) 38 + 88 $ 72.0 16 $ 38.4 9
 Closed Stores(C) $ 7.0 2
 Total Sales + 14 $462.2 100 $405.6 100
 Total Stores 303
 Week Ended: Apr. 30, 1993 May 1, 1992
 Pct. Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales + 22 $ 70.1 72 $ 57.3 68
 Contractor Sales + 4 $ 27.6 28 $ 26.5 32
 Total Sales + 17 $ 97.7 100 $ 83.8 100
 Total Stores 303 307
 Rounded totals, millions of dollars
 (A) Stores open more than one year on April 1 with comparable
 square footage
 (B) Stores open less than one year and stores which have been
 retrofitted within the past twelve months
 (C) 11 stores closed between April, 1992 and February 21, 1993
 Management commented that the April 1991 comparable week's sales were $ 47.5 million retail, $ 20.4 million contractor, and $ 67.9 million total. The two-year compound growth rates in weekly sales are: Retail, + 21 percent; Contractor, + 16 percent; and Total, + 20 percent. The April 1991 comparable week's sales were from 307 stores.
 Lowe's is a specialty retailer of home improvement products. We serve customers in 303 stores in 20 states, and were recently selected as one of the 100 Best Companies to work for in America.
 -0- 5/3/93
 /CONTACT: (Corporate contacts) W. Cliff Oxford or Clarissa S. Felts, Lowe's Companies, Inc., 919-651-4631 or 919-651-4254/
 (LOW)


CO: Lowe's Companies, Inc. ST: North Carolina IN: REA SU:

CM -- CH008 -- 3875 05/03/93 14:31 EDT
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Publication:PR Newswire
Date:May 3, 1993
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