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LOWE'S ANNOUNCES WEEKLY SALES

 NORTH WILKESBORO, N.C., April 19 /PRNewswire/ -- Lowe's (NYSE: LOW) sales for the third week of April totaled $90.9 million, a 5 percent increase over the third week of April 1992. Sales to retail customers increased 4 percent and sales to contractors grew 6 percent.
 Week Ended: April 16, 1993 April 17, 1992
 Pct. Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales + 4 $66.5 73 $63.8 73
 Contractor Sales + 6 $24.4 27 $23.1 27
 Total Sales + 5 $90.9 100 $86.9 100
 Total Stores 301 306
 Month-to-Date: April 16, 1993 April 17, 1992
 Pct. Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales +14 $199.5 74 $175.6 72
 Contractor Sales -- $ 70.1 26 $ 69.8 28
 Total Sales +10 $269.6 100 $245.4 100
 Rounded Totals, millions of dollars
 Management commented that this was a six-day sales week in 1993 versus a seven-day sales week last year, due to the Easter holiday on April 11, 1993. Next week this reverses because Easter was celebrated on April 19 in 1992. The April 1991 comparable week's sales were $46.9 million retail, $17.8 million contractor, and $64.7 million total. The two-year compound growth rates in weekly sales are: Retail + 19 percent; Contractor + 17 percent; and Total + 19 percent. The April 1991 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 of home improvement products. The company serves customers in 301 stores in 20 states, and was recently selected as one of the 100 Best Companies to work for in America.
 -0- 4/19/93
 /CONTACT: (Corporate contacts) W. Cliff Oxford or Clarissa S. Felts of Lowe's Companies, 919-651-4631 or 919-651-4254/
 (LOW)


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

CM -- CH011 -- 7544 04/19/93 15:37 EDT
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Publication:PR Newswire
Date:Apr 19, 1993
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