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 1Q Sales Up
May 22, 2012
 Printable format
 Email this Article
 Search

Appliance and home improvement retailer Lowe's Companies reported first quarter net earnings of $527 million, up 14.3% over the first quarter of the previous fiscal year.

Sales for 1Q 2012 were up 7.9% to $13.2 billion from $12.2 billion in 1Q 2011. (Lowe's fiscal year ends on the Friday nearest the end of January, which gave fiscal 2011 53 weeks. The week shift aided the 1Q 2012 sales increase by $514 million or 4.2%.)

Comparable store sales for were up 2.6%; comparable store sales for the U.S. business were up 2.7%.

"While we capitalized on better than anticipated weather during most of the quarter, demand for seasonal products slowed toward the end," said Robert A. Niblock, Lowe's chairman, president, and CEO. "We continue to maintain a cautious view of the housing and macro demand environment, and are focused on what we can control."

As of May 2012 Lowe's had 1,747 stores in the United States, Canada, and Mexico representing 196.7 million square feet of retail selling space.

The retail company expects total sales in fiscal year 2012 - with 52 weeks instead of the 53 in fiscal 2011 - to increase 1% to 2%. Comparable store sales are expected to be up 1% to 3%.

Back to Daily News

 

Daily News

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

Jul 23, 2014: Whirlpool North America Reports Record Operating Profits

Jul 23, 2014: Japan Destroyed 3.6 Million KG Fluorocarbons from Commercial Refrigerators and AC

Jul 22, 2014: Lennox International Reports Record Profit in Second Quarter

Jul 22, 2014: Whirlpool Launches Hybrid Heat Pump Dryer

Jul 22, 2014: Weber-Stephen Breaks Ground on New Distribution Complex

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