Lowe’s sales and profits soar in second quarter

MOORESVILLE, N.C. — Lowe’s Cos. has reported net earnings of $1.04 billion for the second quarter, an increase of 10.4% over the same period a year ago. Sales increased 5.7% to $16.6 billion, from $15.7 billion in the second quarter of 2013, and year-to-date sales were $30.0 billion, up 4.2% over the same period a year ago.

Comparable sales increased 4.4% and year-to-date comps are up 2.8%. In Canada, Lowe’s delivered its fifth consecutive quarter of double-digit comps.