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Lowe's Reports Good Q2 Results

By Steve Smith -- TWICE, 9/4/2006

Mooresville, N.C. — Lowe's reported net earnings of $935 million for the quarter ended Aug. 4, an 11.4 percent increase over the same period a year ago.

Sales for the quarter increased 12.2 percent to $13.4 billion, up from $11.9 billion in the second quarter of 2005. For the six months ended August 4, sales increased 15.9 percent to $25.3 billion.

Comp-store sales for the quarter increased 3.3 percent and increased 4.4 percent in the first half of 2006.

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