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LOWE'S ANNOUNCES JULY SALES

 NORTH WILKESBORO, N.C., Aug. 2 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announced its July sales totaled $474.6 million, a 16 percent increase over July 1992. Retail sales increased 20 percent and sales to contractors grew 7 percent.
 5 Weeks Ended: July 30, 1993 July 31, 1992
 Pct. Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales + 20 $346.3 73 $289.2 71
 Contractor Sales + 7 $128.3 27 $120.4 29
 Total Sales + 16 $474.6 100 $409.6 100
 Comparable Stores(A) 261 + 9 $393.1 83 $361.6 88
 New Projects(B) 43 +103 $ 81.5 17 $ 40.1 10
 Closed Stores(C) $ 7.9 2
 Total Sales + 16 $474.6 100 $409.6 100
 Total Stores 304
 Week Ended: July 30, 1993 July 31, 1992
 Pct. Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales + 17 $ 61.5 69 $ 52.6 67
 Contractor Sales + 4 $ 27.2 31 $ 26.2 33
 Total Sales + 13 $ 88.7 100 $ 78.8 100
 Total Stores 304 304
 Rounded totals, millions of dollars
 (A) Stores open more than one year on July 1 with comparable square footage.
 (B) Stores open less than one year and stores which have been relocated within the past twelve months.
 (C) 12 stores closed between July 1992 and June 25, 1993.
 Management commented that the July 1991 comparable week's sales were $ 41.0 million retail, $ 21.3 million contractor, and $ 62.3 million total. The two-year compound growth rates in weekly sales are: Retail, + 22 percent; Contractor, + 13 percent; and Total, + 19 percent. The July 1991 comparable week's sales were from 307 stores.
 Lowe's is a specialty retailer of home improvement products. We serve customers in 304 stores in 20 states, and were recently ranked in Doubleday's newest edition of The 100 Best Companies to Work For in America.
 -0- 8/15/93
 /CONTACT: (Corporate contacts) W. Cliff Oxford or Clarissa S. Felts of Lowe's Companies, 919-651-4631 or 919-651-4254/
 (LOW)


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

CM -- CH010 -- 8457 08/02/93 15:00 EDT
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Publication:PR Newswire
Date:Aug 2, 1993
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