Printer Friendly

LOWE'S ANNOUNCES WEEKLY SALES

 NORTH WILKESBORO, N.C., Nov. 24 ~PRNewswire~ -- Lowe's (NYSE: LOW) sales for the third week of November totaled $ 74.9 million, a 39 percent increase over the third week of November 1991. Sales to retail customers increased 41 percent and sales to contractors increased 34 percent.
 Week Ended: Nov. 20, 1992 Nov. 22, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +41 $ 52.0 69 $ 36.9 68
 Contractor Sales +34 $ 22.9 31 $ 17.1 32
 Total Sales +39 $ 74.9 100 $ 54.0 100
 Total Stores 305 306
 Month-to-Date: Nov. 20, 1992 Nov. 22, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +31 $151.8 70 $115.7 67
 Contractor Sales +17 $ 65.6 30 $ 56.0 33
 Total Sales +27 $217.4 100 $171.7 100
 Rounded totals, millions of dollars
 The November 1990 comparable week's sales were $ 35.4 million retail, $ 11.7 million contractor, and $ 47.1 million total. The two- year compound growth rates in weekly sales are: Retail, + 21 percent; Contractor, + 40 percent; and Total, + 26 percent. The November 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 305 stores in 20 states.
 -0- 11~24~92
 ~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 -- 0896 11~24~92 08:59 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 24, 1992
Words:293
Previous Article:HOMETRUST BANK OF GEORGIA ANNOUNCES SHAREHOLDER APPROVAL FOR ITS ACQUISITION BY TRUST COMPANY OF GEORGIA
Next Article:REVCO DRUG STORES TO AID THE SALVATION ARMY THIS HOLIDAY SEASON
Topics:


Related Articles
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES SECOND QUARTER 1994 RESULTS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters