Lowe's Net Sales Rose 7.8% YOY in Q1, EPS Up 40%

Mooresville, NC, May 18, 2016—Lowe's reported net sales of $15.2 billion, an increase of 7.8% from the first quarter of 2015’s $14.1 billion.

Diluted earnings per share increased 40.0% to $0.98 from $0.70 in the first quarter of 2015.

Net earnings of $884 million for the quarter represent a 31.4% increase over the same period a year ago.

Diluted earnings per share increased 40.0% to $0.98 from $0.70 in the first quarter of 2015.