Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Lowe's Reports Fourth Quarter Sales and Earnings Results
Feb 27, 2012
 Printable format
 Email this Article
 Search

Appliance and home improvement retailer Lowe's Companies, Inc. reported full fiscal year net earnings were down 8.5% from the previous fiscal year to $1.8 billion. In its full 2011 fiscal year, which ended Feb. 3, 2012, sales were $50.2 billion, down 2.9% from the previous year.

Lowe's fiscal year ends on the Friday nearest the end of January, so its fiscal year 2011, which ended Feb. 3, 2012, included 53 weeks. The 53rd week contributed $766 million to sales. Fourth quarter net earnings of $322 million, a 13.0% increase over the fourth quarter of the previous fiscal year. Sales for the fourth quarter were $11.6 billion, up 11.0% from $10.5 billion in the fourth quarter of the previous year. Comparable 4Q store sales were up 3.4% versus a comparable 14-week period. Comparable store sales for the fiscal year were essentially flat.

In fiscal year 2012 - which will have one less week compared to Lowe's fiscal year 2011 - total sales are expected to increase 1 to 2%. On a 52 versus 52 week basis, total sales are expected to increase about 3%. Comparable store sales are expected to increase 1 to 3%.

Back to Daily News

 

Daily News

...........................................................

Aug 29, 2014: Adaptive Frequency Drive Increases Trane Chiller Efficiency

Aug 29, 2014: Vitamix President Receives Entrepreneur of the Year Award

Aug 28, 2014: LG Heat Pump Clothes Dryer Earns Emerging Technology Award

Aug 28, 2014: Early Snowthrower Demand Boosts Toro Sales

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows