Printer Friendly

LOWE'S ANNOUNCES: WEEKLY SALES UP 34 PERCENT; SHELF REGISTRATION FILING

 LOWE'S ANNOUNCES: WEEKLY SALES UP 34 PERCENT;
 SHELF REGISTRATION FILING
 NORTH WILKESBORO, N.C., April 20 /PRNewswire/ -- Lowe's (NYSE: LOW) sales for the third week of April totaled $86.9 million, a 34 percent increase over the third week of April 1991. Sales to retail customers increased 36 percent and sales to contractors increased 30 percent.
 Week Ended: April 17, 1992 April 19, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +36 $ 63.8 73 $ 46.9 73
 Contractor Sales +30 $ 23.1 27 $ 17.8 27
 Total Sales +34 $ 86.9 100 $ 64.7 100
 Total Stores 306 307
 Month-to-Date: April 17, 1992 April 19, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +22 $175.6 72 $144.5 73
 Contractor Sales +29 $ 69.8 28 $ 54.2 27
 Total Sales +24 $245.4 100 $198.7 100
 Rounded totals, millions of dollars
 The April, 1990 comparable week's sales were $ 38.5 million retail, $ 20.4 million contractor, and $ 58.9 million total. The two-year compound growth rates in weekly sales are: Retail, + 29 percent; Contractor, + 6 percent; and Total, + 21 percent. The April 1990 comparable week's sales were from 305 stores.
 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 306 stores in 20 states.
 Lowe's Companies, Inc. has filed a shelf registration with the Securities and Exchange Commission relating to the proposed public offering of up to $250 million of debt securities. The net proceeds from the sale of the debt securities will be used for general corporate purposes, which may include financing the acquisition of land, buildings and equipment for new and existing stores, the repayment of certain long-term indebtedness and short-term borrowings and the repurchase of outstanding shares of the company's common stock.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offering, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 4/20/92
 /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:


DF -- CH012 -- 0082 04/20/92 12:58 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 20, 1992
Words:444
Previous Article:COLUMBIA SAVINGS HONORED WITH PRESIDENT'S POINTS OF LIGHT AWARD
Next Article:NORTHROP, CARLYLE GROUP SIGN MEMORANDUM OF UNDERSTANDING


Related Articles
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S REPORTS EARNINGS COMMENTS, WEEKLY SALES AND FILING FOR UNALLOCATED SHELF OFFERING

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters