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LOWE'S ANNOUNCES WEEKLY SALES

 LOWE'S ANNOUNCES WEEKLY SALES
 NORTH WILKESBORO, N.C., April 6 /PRNewswire/ -- Lowe's (NYSE: LOW)


sales for the first week of April 1992 totaled $78.7 million, a 21 percent increase over the first week of April 1991. Sales to retail customers increased 18 percent and sales to contractors increased 30 percent.
 Week Ended: Pct. Apr. 3, 1992 Apr. 5, 1991
 Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales + 18 $ 55.1 70 $ 46.7 72
 Contractor Sales + 30 $ 23.6 30 $ 18.1 28
 Total Sales + 21 $ 78.7 100 $ 64.8 100
 Total Stores 307 307
 Rounded totals, millions of dollars
 The April 1990 comparable week's sales were $ 44.7 million retail, $ 20.2 million contractor, and $ 64.9 million total. The two-year compound growth rates in weekly sales are: Retail, + 11 percent; Contractor, + 8 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 307 stores in 20 states.
 -0- 4/6/92
 /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 -- CH004 -- 5340 04/06/92 12:03 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 6, 1992
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