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LOWE'S ANNOUNCES WEEKLY SALES

 LOWE'S ANNOUNCES WEEKLY SALES
 NORTH WILKESBORO, N.C., Aug. 17 /PRNewswire/ -- Lowe's (NYSE: LOW)


sales for the second week of August totaled 73.5 million, a 28 percent increase over the second week of August 1991. Sales to retail customers increased 31 percent and sales to contractors increased 24 percent.
 Week Ended: August 14, 1992 August 16, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +31 $ 50.2 68 $ 38.4 67
 Contractor Sales +24 $ 23.3 32 $ 18.8 33
 Total Sales +28 $ 73.5 100 $ 57.2 100
 Total Stores 304 307
 Month-to-Date: August 14, 1992 August 16, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +31 $102.5 68 $ 78.1 67
 Contractor Sales +23 $ 47.6 32 $ 38.8 33
 Total Sales +28 $150.1 100 $116.9 100
 Rounded totals, millions of dollars
 The August 1990 comparable week's sales were $ 34.2 million retail, $ 20.0 million contractor, and $ 54.2 million total. The two-year compound growth rates in weekly sales are: Retail, + 21 percent; Contractor, + 8 percent; and Total, + 16 percent. The August 1990 comparable week's sales were from 307 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 304 stores in 20 states.
 -0- 8/17/92
 /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 -- CH005 -- 0474 08/17/92 11:40 EDT
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Publication:PR Newswire
Date:Aug 17, 1992
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