Lowe's Q2 Sales Rose 5.3%, Earnings Rose 3.7%

Mooresville, NC, Aug. 17, 2016—Lowe’s Companies has reported net earnings of $1.2 billion for the quarter ended July 29, a 3.7% increase over the same period a year ago. Diluted earnings per share increased 9.2% to $1.31 from $1.20 in the second quarter of 2015.

Sales for the second quarter increased 5.3% to $18.3 billion from $17.3 billion in the second quarter of 2015, and comparable sales increased 2.0%. 

For the six months ended July 29, net earnings increased 14.0% from the same period a year ago to $2.1 billion, and diluted earnings per share increased 20.5% to $2.29.For the six month period, sales were $33.5 billion, a 6.4% increase over the same period a year ago, and comparable sales increased 4.4%.