Lowe’s ends fiscal year on a strong note

MOORESVILLE, N.C. ― Lowe’s has reported fourth-quarter net earnings of $663 million, up from $11 million in the fourth quarter of 2015. Sales for the fourth quarter increased 19.2% to $15.8 billion from $13.2 billion, and comp sales increased 5.1%. For the fiscal year ended February 3, net earnings were $3.1 billion, up from $2.5 billion. Sales for the entire year were $65.0 billion, an increase of 10.1%, while comp sales increased 4.2%.