Lowe's Net Earnings Increased 30% in Q1, Sales Up 11.3%

Mooresville, NC, May 21, 2020-Lowe's Companies reported Q1 net earnings of $1.3 billion, compared to a net earnings of $1.0 billion, a 30% increase. 

Sales for Q1 2020 were $19.7 billion, compared to $17.7 billion in Q1 2019, an 11.3% increase, and comparable sales increased 11.2%. Comparable sales for the U.S. home improvement business increased 12.3% for the first quarter.

Online demand through Lowes.com increased 80% in the quarter.