Lowe’s Has Strong Fourth Quarter Earnings

Lowe's Companies, Inc. had net earnings of $978 million for the quarter ended January 29, 2021, compared to net earnings of $509 million in the fourth quarter of 2019. Total sales for the fourth quarter were $20.3 billion compared to $16 billion in the fourth quarter of 2019 and comparable sales increased 28.1 per cent. Comparable sales for the U.S. home improvement business increased 28.6 per cent for the fourth quarter.