MOORESVILLE, N.C. —Lowe’s has posted strong fourth-quarter and year-end results, with sales for the fourth quarter up 5.1% and same-store sales up 5.2%.
For the fiscal year ended January 29, sales were $59.1 billion, an increase of 5.1%, and same-store sales increased 4.8%. Net earnings were $2.5 billion, reflecting the impact of the cost of exiting an Australian joint venture. Excluding the impact of this charge, adjusted net earnings were $3.1 billion, an increase of 14.0%.
