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 Annual Sales Up
Feb 27, 2013
 Printable format
 Email this Article
 Search

Home improvement retailer Lowe's Companies reported net earnings of $2.0 billion in fiscal year 2012. Net earnings for FY 2012 were up 6.5%. FY 2012 sales were $50.5 billion, up 0.6% from FY 2011.

Lowe's fiscal year ends on the Friday nearest the end of January. Fourth quarter and fiscal year 2011 included an extra week compared to fiscal year 2012. As a result of the extra week in 2011, net earnings for 4Q FY 2012 were down 10.6%.

Lowe's reported net earnings of $288 million in the fourth quarter of its fiscal year 2012. Sales in 4Q fiscal year 2012 were down 5.0% to $11.0 billion, from $11.6 billion in 4Q FY 2011. FY 2011's 53rd week contributed $766 million to sales and fiscal year 2011.

Comparable store sales in 4Q 2012 were up 1.9% on a consolidated basis as well as for the retailer's U.S. business.

Fiscal year 2012 comparable store sales were up 1.4%. Comparable U.S. store sales were up 1.5%. Comparable store sales are based on comparable 13-week and 52-week periods.

As of Feb. 1, 2013, Lowe's operated 1,754 stores in the United States, Canada, and Mexico, with 197.4 million square feet of retail selling space.

Lowe's expects total sales in fiscal year 2013 to be 4%. Comparable store sales are expected to increase about 3.5%.

Lowe's expects to open 10 stores in the coming fiscal year 2013.

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