MOORESVILLE, N.C. — Lowe’s has reported net earnings of $450 million for its quarter ended January 30, an increase of 47.0%. For the full year, net earnings increased 18.0% to $2.7 billion.
Sales for the fourth quarter increased 7.6% to $12.5 billion, with same-store sales up 7.3%—and same-store sales in the U.S. up 7.4%. For the fiscal year, sales reached $56.2 billion, a 5.3% increase, and same-store sales increased 4.3%, both on a consolidated basis and for the U.S. business.
