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LOWE'S ANNOUNCES WEEKLY SALES

 NORTH WILKESBORO, N.C., Dec. 15 /PRNewswire/ -- Lowe's (NYSE: LOW) sales for the second week of December totaled $ 80.2 million, a 28 percent increase over the second week of December 1991. Sales to retail customers increased 33 percent and sales to contractors increased 16 percent.
 Week Ended: Dec. 11, 1992 Dec. 13, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +33 $ 59.3 74 $ 44.7 71
 Contractor Sales +16 $ 20.9 26 $ 18.0 29
 Total Sales +28 $ 80.2 100 $ 62.7 100
 Total Stores 305 306
 Month-to-Date: Dec. 11, 1992 Dec. 13, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +36 $115.8 72 $ 85.1 70
 Contractor Sales +25 $ 44.7 28 $ 35.7 30
 Total Sales +33 $160.5 100 $120.8 100
 Rounded totals, millions of dollars
 The December 1990 comparable week's sales were $ 37.4 million retail, $ 16.5 million contractor, and $ 53.9 million total. The two- year compound growth rates in weekly sales are: Retail, + 26 percent; Contractor, + 13 percent; and Total, + 22 percent. The December 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 305 stores in 20 states.
 -0- 12/15/92
 /CONTACT: (Corporate contacts) W. Cliff Oxford or Clarissa S. Felts of Lowe's Companies, Inc., 919-651-4631 or 919-651-4254/
 (LOW)


CO: Lowe's Companies, Inc. ST: North Carolina IN: REA SU:

CM -- CH003 -- 7069 12/15/92 09:23 EST
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Publication:PR Newswire
Date:Dec 15, 1992
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