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Lowe’s Reports Second Quarter Results

Lowe’s Companies, Inc. released second quarter sales and earnings results this week.

The big box reported sales for the second quarter increased 4.5 percent to $17.3 billion from $16.6 billion in the second quarter of 2014. Comparable sales increased 4.3 percent. For the six month period, sales were up $31.5 billion, a 4.9 percent increase over the same period a year ago, and comparable sales increased 4.7 percent.

“We posted solid results for the quarter and were able to capitalize on big-ticket market share opportunities with a strong growth in categories like appliances and outdoor power equipment,” president and CEO Robert A. Niblick says. “I would like to thank our employees for their hard work and commitment to serving customers during this important selling season.”

The company also repurchased $1.5 billion of stock under its share repurchase program and paid $218 million in dividends in the second quarter.

As of July 31, 2015, Lowe’s operates 1,846 home improvement and hardware stores in the United States, Canada and Mexico.

To read more on Lowe’s second-quarter performance and earnings report, click here.

About Renee Changnon

Renee Changnon is the retail outreach coordinator for NRHA. She meets with retailers in their stores and at industry events and introduces them to the services NRHA provides. Renee previously worked as a member of the NRHA communications team. She earned a degree in visual journalism from Illinois State University, where she served as the features editor for the school newspaper. After college, she implemented marketing and promotions initiatives at Jimmy John’s franchise locations across the country. She enjoys exploring books with her book club, Netflix marathons and hosting goat yoga at her apartment complex. Renee Changnon 317-275-9442 rchangnon@nrha.org

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