Lowe’s Earnings Surge on Higher Sales

Mooresville, NC, Feb. 25, 2015 — Home improvement retailer Lowe’s reported fourth quarter net earnings of $450 million, a 47.0% increase over the same period a year ago.

Earnings per share rose to $0.46 from $0.29 in the fourth quarter of 2013.

Sales for the quarter increased 7.6% to $12.5 billion from $11.7 billion in the fourth quarter of 2013.

Comparable store sales rose 7.4% in the U.S.

As of January 30, Lowe’s operated 1,840 home improvement and hardware stores in the U.S.