Lowe's Sales Rose 1% in Q2, Earnings Up 6.6%
Mooresville, NC, August 18, 2021-Lowe's reported Q2 net sales of $27.6 billion, a 1% increase compared to $27.3 billion in Q2 2020.
Comparable sales decreased 1.6% for Q2, while comparable sales for the U.S. home improvement business decreased 2.2%.
Net earnings were $3.0 billion for Q2 2021, a 6.6% increase compared to net earnings of $2.8 billion in Q2 2020.
For the first half, net sales were $51.9 billion, a 9.5% increase compared to $47 billion in the first half of 2020.
In the first half of 2021, net earnings rose 21% to $5.3 billion from $4.2 billion in the first half of 2021.