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LOWE'S ANNOUNCES WEEKLY SALES

 LOWE'S ANNOUNCES WEEKLY SALES
 NORTH WILKESBORO, N.C., March 23 /PRNewswire/ -- Lowe's (NYSE: LOW)


sales for the third week of March totaled $66.1 million, a 14 percent increase over the third week of March 1991. Sales to retail customers increased 6 percent and sales to contractors increased 37 percent.
 Week Ended: March 20, 1992 March 22, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales + 6 $ 45.2 68 $ 42.5 74
 Contractor Sales +37 $ 20.9 32 $ 15.3 26
 Total Sales +14 $ 66.1 100 $ 57.8 100
 Total Stores 307 307
 Month-to-Date: March 20, 1992 March 22, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +26 $138.1 69 $109.4 70
 Contractor Sales +34 $ 63.4 31 $ 47.4 30
 Total Sales +29 $201.5 100 $156.8 100
 Rounded totals, millions of dollars
 The March, 1990 comparable week's sales were $ 44.8 million retail, $18.9 million contractor, and $ 63.7 million total. The two-year compound growth rates in weekly sales are: Retail, +.5 percent; Contractor, + 5 percent; and Total, + 2 percent. The March 1990 comparable week's sales were from 306 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 307 stores in 20 states.
 -0- 3/23/92
 /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 -- CH004 -- 0575 03/23/92 12:29 EST
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Publication:PR Newswire
Date:Mar 23, 1992
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