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 3Q Net Earnings Up 76%
Nov 29, 2012
 Printable format
 Email this Article
 Search

Home improvement and appliance retailer Lowe's Companies reported third quarter 2012 net earnings of $396 million, up 76.0% from the third quarter of fiscal year 2011.

Lowe's fiscal year third quarter ended on Nov. 2, 2012.

For the first nine months of fiscal year 2012, net earnings increased 10.1% from 2011 to $1.67 billion.

Lowe's fiscal year ends on the Friday nearest the end of January, so fiscal year 2011 had 53 weeks and 2012 quarterly comparisons are impacted by a shift in comparable weeks.

FY 2012 3Q sales were up 1.9% to $12.1 billion, from $11.9 billion in 3Q 2011. For the first nine months of FY 2012, sales were $39.5 billion, up 2.3% from 3Q 2011 (with the week shift accounting for $192 million or 0.5% of the total sales increase in the none months).

Comparable store sales for the third quarter increased 1.8% on a consolidated basis as well as for the U.S. business. For the nine month period, comparable store sales increased 1.3%, while comparable store sales for the U.S. business increased 1.4%. Comparable store sales are based on comparable 13-week periods.

FY 2012 (a 52-week fiscal year) total sales are expected to be approximately flat compared to FY 2011, with 53 weeks. On a 52 versus 52 week basis, total sales are expected to increase about 2%.

Back to Daily News

 

Daily News

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

Sep 24, 2014: Haier becomes first refrigerator maker to offer a lifetime compressor warranty

Sep 24, 2014: New condensing dishwasher from Whirlpool's plant in Wroclaw, Poland

Sep 24, 2014: Index points to growth in consumer spending on tech products in remaining months of 2014

Sep 24, 2014: Manufacturing technology orders down in July

Sep 23, 2014: Shipments and placements of new manufactured homes up in July

More Daily News>>

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

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

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows