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LOWE'S ANNOUNCES WEEKLY SALES

 NORTH WILKESBORO, N.C., May 10 /PRNewswire/ -- Lowe's (NYSE: LOW) sales for the first week of May 1993 totaled $96.0 million, a 24 percent increase over the first week of May 1992. Sales to retail customers increased 29 percent and sales to contractors increased 11 percent.
 Week Ended: Pct. May 7, 1993 May 8, 1992
 Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales + 29 $ 70.0 73 $ 54.1 70
 Contractor Sales + 11 $ 26.0 27 $ 23.5 30
 Total Sales + 24 $ 96.0 100 $ 77.6 100
 Total Stores 303 307
 Rounded totals, millions of dollars


The two-year compound growth rates in weekly sales are: Retail, + 23 percent; Contractor, + 16 percent; and Total, + 21 percent. The May 1991 comparable week's sales from 307 stores, were $ 45.9 million retail, $ 19.4 million contractor, and $ 65.3 million total.
 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 303 stores in 20 states, and were recently ranked in Doubleday's newest edition of The 100 Best Companies To Work For In America.
 -0- 5/10/93
 /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 -- CH008 -- 6608 05/10/93 15:38 EDT
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Publication:PR Newswire
Date:May 10, 1993
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