Lowe's Sales Rise 27% in Q4, 25% for Fiscal Year 2020
Mooresville, NC, February 24, 2021-Lowe’s Companies reported sales for Q4 2020 of $20.3 billion, a 27% increase compared to sales of $16.0 billion in Q4 2019.
Comparable sales increased 28.1%, and comparable sales for the U.S. home improvement business increased 28.6% for Q4.
Net earnings for Q4 2020 were $978 million, a 92% increase compared to sales of $509 million in Q4 2019.
For fiscal year 2020, Lowe’s reported net sales of $90 billion, a 25% increase compared to sales of $72 billion in fiscal year 2019.
Earnings for 2020 were $5.8 billion, a 35% increase compared to earnings of $4.3 billion in fiscal year 2019.