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 Record Q3 Earnings
Nov 15, 2004
 Printable format
 Email this Article
 Search

Home improvement retailer Lowe's Companies, Inc. reported net earnings of U.S. $522 million for the quarter ended Oct. 29, 2004, a 15.5 percent increase over the same period in 2003.

Diluted earnings per share increased 17.9 percent to $0.66 from $0.56 in the third quarter of 2003. For the 9 months ended Oct. 29, 2004, net earnings grew 14.4 percent to $1.68 billion while diluted earnings per share increased 14.7 percent to $2.11.

Sales for the quarter increased 16.2 percent to $9.1 billion, up from $7.8 billion in the third quarter of 2003. Comparable store sales for the third quarter increased 5.2 percent. For the 9-months period, sales increased 18.3 percent to $27.9 billion. Comparable store sales increased 6.6 percent for the first 9 months of 2004.

"The results our employees delivered in the third quarter are a clear indication that our stores are meeting customer needs with great products and industry leading customer service every day," explained Robert L. Tillman, Lowe's chairman and CEO. "Continued signs of a robust housing market, improving employment and strong demographic trends provide a foundation for our optimism for the future."

During the quarter, Lowe's opened 35 new stores including one relocation. As of Oct. 29, 2004, Lowe's operated 1,031 stores in 45 states representing 117.5 million sq ft of retail selling space, a 13.4 percent increase over last year.

Back to Daily News

 

Daily News

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

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

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