Lowe's Reports Record Earnings for Second Quarter
Aug 18, 2003
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Lowe's Companies, Inc., the world's second largest home improvement retailer, reported net earnings of U.S. $597 million for the quarter ended August 1, 2003, a 27.8-percent increase over the same period a year ago. Diluted earnings per share increased 27.1 percent to $0.75 from $0.59 in the second quarter of 2002. Sales for the quarter increased 17.2 percent to $8.77 billion, up from $7.49 billion in the second quarter of 2002. Comparable store sales for the second quarter increased 6.9 percent.

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