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LOWE'S ANNOUNCES WEEKLY SALES

 LOWE'S ANNOUNCES WEEKLY SALES
 NORTH WILKESBORO, N.C., Feb. 18 /PRNewswire/ -- Lowe's (NYSE: LOW)


sales for the second week of February totaled $54.1 million, a 38 percent increase over the second week of February 1991. Sales to retail customers increased 37 percent and sales to contractors increased 39 percent.
 Week Ended: February 14, 1992 February 15, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +37 $ 34.6 64 $ 25.3 64
 Contractor Sales +39 $ 19.5 36 $ 14.0 36
 Total Sales +38 $ 54.1 100 $ 39.3 100
 Month-to-Date: February 14, 1992 February 15, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +36 $ 70.8 64 $ 52.0 65
 Contractor Sales +43 $ 40.5 36 $ 28.4 35
 Total Sales +38 $111.3 100 $ 80.4 100
 Rounded totals, millions of dollars
 Management commented that it was pleased with these sales, since the total of $54.1 million is a strong rebound from the 1991 decline. The February, 1990 comparable week's sales were $ 26.1 million retail, $ 18.4 million contractor, and $ 44.5 million total. The two-year compound growth rates in weekly sales are: Retail, + 15 percent; Contractor, + 3 percent; and Total, + 10 percent.
 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 306 stores in 20 states.
 -0- 2/18/92
 /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:


CM -- CH001 -- 9751 02/18/92 08:56 EST
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Publication:PR Newswire
Date:Feb 18, 1992
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