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LOWE'S ANNOUNCES WEEKLY SALES

 NORTH WILKESBORO, N.C., May 24 /PRNewswire/ -- Lowe's (NYSE: LOW) sales for the third week of May totaled $ 93.5 million, an 11 percent increase over the third week of May 1992. Sales to retail customers increased 12 percent and sales to contractors grew 9 percent.
 Week Ended: May 21, 1993 May 22, 1992
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +12 $ 68.0 73 $ 60.5 72
 Contractor Sales + 9 $ 25.5 27 $ 23.5 28
 Total Sales +11 $ 93.5 100 $ 84.0 100
 Total Stores 304 308
 Month-to-Date: May 21, 1993 May 22, 1992
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +25 $212.6 73 $170.1 71
 Contractor Sales +10 $ 78.5 27 $ 71.1 29
 Total Sales +21 $291.1 100 $241.2 100
 Rounded totals, millions of dollars
 The May 1991 comparable week's sales were $ 46.9 million retail, $ 17.5 million contractor, and $ 64.4 million total. The two-year compound growth rates in weekly sales are: Retail, + 20 percent; Contractor, + 21 percent; and Total, + 20 percent. The May 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 304 stores in 20 states, and were recently ranked in Doubleday's newest edition of The 100 Best Companies To Work For In America.
 -0- 5/24/93
 /CONTACT: (Corporate contacts) W. Cliff Oxford or Clarissa S. Felts, Lowe's Companies, 919-651-4631 or 919-651-4254/
 (LOW)


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

CM -- CH004 -- 1733 05/24/93 13:11 EDT
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Publication:PR Newswire
Date:May 24, 1993
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