Lowe’s Has Increased Earnings

Lowe's Companies, Inc. had net earnings of $2.3 billion for the first quarter of 2021 compared to net earnings of $1.3 billion in the first quarter of 2020. Net sales were $24.4 billion for the quarter up from $19.7 billion in the year-ago period and comparable sales increased 25.9 per cent year-over-year.  The company had comparable sales of more than 15 per cent in 13 of 15 merchandising departments. Gross margin was up 19 basis points to 33.29 per cent and operating margin was up 317 basis points to 13.29 per cent year-over-year.