Core categories boost Lowe’s fourth quarter

MOORESVILLE, N.C. — Lowe’s Cos. saw sales rise 5.7% for fiscal 2013, to $53.4 billion. Same-store sales increased 4.8%. Sales for the fourth quarter increased 5.6% to $11.7 billion, and same-store sales for the quarter increased 3.9%.

Profits were up as well, with the company turning in net earnings of $2.3 billion for the year, an increase of 16.7%. For the fourth quarter, net earnings rose 6.3 % to $306 million and diluted earnings per share increased 11.5% to $0.29.