Lowe's Increased Sales & Earnings in Q2 and First Half
Mooresville, NC, August 22, 2018-For Q2 2018, Lowe’s reported a net sales increase of 7% compared to Q2 2017.
Net earnings rose 7.1% YOY for the quarter.
Comparable sales for the U.S. home improvement business increased 5.3% for the second quarter.
For the first half of the year, net sales rose 5.2% YOY, and net earnings rose 18%.
As of August 3, Lowe's operated 2,155 home improvement and hardware stores in the United States, Canada and Mexico, representing 215.3 million square feet of retail selling space.