Lowe's Quarterly Earnings Up 7.8% YOY

Mooresville, NC, May 20, 2015—Lowe's reported net earnings of $673 million for the quarter ended May 1, a 7.8% increase over the same period a year ago.

Diluted earnings per share increased 14.8% to $0.70 from $0.61 in the first quarter of 2014.

Sales for the first quarter increased 5.4% to $14.1 billion from $13.4 billion in the first quarter of 2014, and comparable sales for the quarter increased 5.2%. Comparable sales for the U.S. home improvement business increased 5.3%.