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Lowe’s increases sales by 24 per cent in 2020/2021

Lowe's is the number two in the US-american and global DIY retail industry.

Lowe's is the number two in the US-american and global DIY retail industry.

In its fiscal year 2020/2021 (ended 29 January 2021), Lowe's increased its sales by 24.2 per cent to USD 89.507 bn (EUR 74.424 bn). Sales in the fourth quarter rose by 28.1 per cent to USD 20.311 bn (EUR 16.888 bn). Comparable sales for the U.S. home improvement business increased 28.6 percent for the fourth quarter.

"Strong execution enabled us to meet broad-based demand driven by the continued consumer focus on the home, with growth over 16 per cent in all merchandising departments, over 19 per cent across all U.S. regions and 121 per cent on Lowes.com," commented Marvin R. Ellison, Lowe's president and CEO.

| 5 March 2021 | 12:40


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