Fourth quarter doesn’t slow Lowe’s
February 23, 2007,
Mooresville, N.C. -- A fourth-quarter sales and net earnings decline did not prevent Lowe’s Companies from recording record earnings for fiscal 2006, as the big home improvement retailer said full-year net earnings grew 12.3% to $3.1 billion, while diluted earnings per share were up 15.0% to $1.99 for the year.
"We are encouraged by indications that our sales trends have bottomed. As a result, we believe our comparable store sales performance will gradually improve throughout 2007," said chairman and ceo Robert Niblock.
Related Content By Author
The Countdown to the ICON Honors Continues featuring Christophe Pourny