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LOWE'S ANNOUNCES FEBRUARY SALES UP 38 PERCENT

 LOWE'S ANNOUNCES FEBRUARY SALES UP 38 PERCENT
 NORTH WILKESBORO, N.C., March 2 /PRNewswire/ -- Lowe's Companies,


Inc. (NYSE: LOW) announced its February sales totaled $223.7 million, a 38 percent increase over February of 1991. Retail sales increased 37 percent and sales to contractors increased 39 percent.
 4 Weeks Ended: Feb. 28, 1992 Mar. 1, 1991
 Pct. Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales + 37 $145.1 65 $105.9 65
 Contractor Sales + 39 $ 78.6 35 $ 56.7 35
 Total Sales + 38 $223.7 100 $162.6 100
 Comparable
 Stores(A) (284) + 34 $200.5 90 $150.1 92
 New Projects(B) ( 23) +119 $ 23.2 10 $ 10.6 7
 Closed Stores(C) $ 1.9 1
 Total Stores (307) + 38 $223.7 100 $162.6 100
 Week Ended: Feb. 28, 1992 Mar. 1, 1991
 Pct. Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales +38 $ 37.4 65 $ 27.1 63
 Contractor Sales +25 $ 20.2 35 $ 16.1 37
 Total Sales +33 $ 57.6 100 $ 43.2 100
 Rounded totals, millions of dollars.
 (A) Stores open more than one year on February 1 with comparable square footage.
 (B) Stores open less than one year and stores which have been retrofitted or relocated within the past twelve months.
 (C) 6 stores closed between February 1991 and January 31, 1992.
 A new store opened in Oxford, Alabama in February. The Spartanburg, South Carolina store was converted to a contractor yard during the month. Retail business for Spartanburg will be served in our Westgate, South Carolina store.
 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 307 stores in 20 states.
 -0- 3/2/92
 /CONTACT: (Corporate contacts) W. Cliff Oxford or Clarissa S. Felts of Lowe's Companies, Inc., 919-651-4631 or 919-651-4254/
 (LOW) CO: Lowe's Companies, Inc. ST: North Carolina IN: REA SU:


CM -- CH006 -- 4067 03/02/92 14:44 EST
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Publication:PR Newswire
Date:Mar 2, 1992
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