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LOWE'S ANNOUNCES WEEKLY SALES

 NORTH WILKESBORO, N.C., April 26 /PRNewswire/ -- Lowe's (NYSE: LOW) sales for the fourth week of April totaled $ 94.9 million, a 24 percent increase over the fourth week of April 1992. Sales to retail customers increased 26 percent and sales to contractors grew 18 percent.
 Week Ended: Apr. 23, 1993 Apr. 24, 1992
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +26 $ 70.8 75 $ 56.0 73
 Contractor Sales +18 $ 24.1 25 $ 20.4 27
 Total Sales +24 $ 94.9 100 $ 76.4 100
 Total Stores 301 307
 Month-to-Date: Apr. 23, 1993 Apr. 24, 1992
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +17 $270.3 74 $231.6 72
 Contractor Sales + 4 $ 94.2 26 $ 90.2 28
 Total Sales +13 $364.5 100 $321.8 100
 Rounded totals, millions of dollars
 Management commented that this was a seven-day sales week in 1993 versus a six-day sales week last year, due to the Easter holiday on April 19, 1992. The April 1991 comparable week's sales were $ 46.3 million retail, $ 19.1 million contractor, and $ 65.4 million total. The two-year compound growth rates in weekly sales are: Retail, + 24 percent; Contractor, + 12 percent; and Total, + 20 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. We serve customers in 301 stores in 20 states, and were recently selected as one of the 100 Best Companies to work for in America.
 -0- 4/26/93
 /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 -- CH013 -- 0816 04/26/93 14:46 EDT
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Publication:PR Newswire
Date:Apr 26, 1993
Words:325
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