Lowe’s reports strong third-quarter results

MOORESVILLE, N.C. ― Lowe’s Cos. has reported third-quarter net earnings of $736 million, a 25.8% increase over the same period a year ago. Sales increased by a healthy 5.0% to $14.4 billion from $13.7 billion.

Comparable sales increased 4.6% for the quarter, while comps for the U.S. home improvement business increased 5.0%. For the nine month period, sales were up 4.9%, and comp sales increased 4.9% year-to-date. Net earnings increased 12.8% for the nine-month period.

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