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LOWE'S ANNOUNCES WEEKLY SALES

 NORTH WILKESBORO, N.C., April 18 /PRNewswire/ -- Lowe's (NYSE: LOW) sales for the second week of April 1994 totaled $ 127.7 million, a 40% increase over the second week of April 1993. Sales to retail customers increased 52% and sales to contractors grew 8%.
 Week Ended: Apr. 15, 1994 Apr. 16, 1993
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +52 $101.2 79 $ 66.5 73
 Contractor Sales + 8 $ 26.5 21 $ 24.4 27
 Total Sales +40 $127.7 100 $ 90.9 100
 Total Stores 317 301
 Month-to-Date: Apr. 15, 1994 Apr. 16, 1993
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +45 $199.1 79 $137.0 75
 Contractor Sales +15 $ 53.0 21 $ 46.2 25
 Total Sales +38 $252.1 100 $183.2 100
 Rounded totals, millions of dollars
 Management commented that this was a seven-day sales week in 1994 versus a six-day sales week last year due to the Easter holiday on April 11, 1993. The April 1992 comparable week's sales were $63.8 million retail, $23.1 million contractor, and $86.9 million total. The two year compound growth rates in weekly sales are: Retail + 26%, Contractor + 7%, and Total + 21%. The April 1992 comparable week's sales were from 306 stores.
 Lowe's monthly sales report series will summarize four-week, five- week, and four-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 317 stores in 20 states, and was recently ranked in Doubleday's newest edition of The 100 Best Companies to Work for in America.
 -0- 4/18/94
 /CONTACT: (Corporate contacts) W. Cliff Oxford or Clarissa S. Felts of Lowe's Companies, 910-651-4631 or 910-651-4254/
 (LOW)


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

CM -- CH013 -- 8773 04/18/94 11:22 EDT
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Publication:PR Newswire
Date:Apr 18, 1994
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