News Brief

Lowes Results Beat Expectations

Lowe’s says sales for its fiscal fourth-quarter jumped 11% to  $11.6 billion, up from $10.5 billion in the same period a year ago, including a 3.4% gain in same-store sales results. And net earnings came in at $322 million, a 13% increase.  For the year ahead, the Mooresville, N.C.-based home improvement retailer says it expects total sales to gain approximately 3%.

Tags: earnings, retail
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