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LOWE'S ANNOUNCES WEEKLY SALES

 LOWE'S ANNOUNCES WEEKLY SALES
 NORTH WILKESBORO, N.C., Oct. 26 /PRNewswire/ -- Lowe's (NYSE: LOW)


sales for the fourth week of October totaled $72.8 million, a 21 percent increase over the fourth week of October 1991. Sales to retail customers increased 19 percent and sales to contractors increased 25 percent.
 Week Ended: Oct. 23, 1992 Oct. 25, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +19 $ 50.5 69 $ 42.3 70
 Contractor Sales +25 $ 22.3 31 $ 17.9 30
 Total Sales +21 $ 72.8 100 $ 60.2 100
 Total Stores 304 308
 Month-to-Date Oct. 23, 1992 Oct. 25, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +26 $204.7 69 $161.9 67
 Contractor Sales +19 $ 93.5 31 $ 78.3 33
 Total Sales +24 $298.2 100 $240.2 100
 Rounded totals, millions of dollars
 The October 1990 comparable week's sales were $34.8 million retail, $16.1 million contractor, and $50.9 million total. The two-year compound growth rates in weekly sales are: Retail, +20 percent; Contractor, +18 percent; and Total, +20 percent. The October 1990 comparable week's sales were from 305 stores.
 Lowe's monthly sales report series will continue to summarize four- week, four-week, and five-week totals, including comparable store sales results. Lowe's quarterly news releases of sales and earnings will continue to present precise calendar totals.
 Lowe's is a specialty retailer serving the home center do-it- yourself business, the consumer durables business, and the building contractor business. Lowe's operates 304 stores in 20 states.
 -0- 10/26/92
 /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:


MM -- CH014 -- 4884 10/26/92 14:07 EST
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Publication:PR Newswire
Date:Oct 26, 1992
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