Pro Business Drives Lowe’s Growth

Lowe's Companies, Inc. had net earnings of $3.0 billion for the second quarter of 2021, up from net earnings of $2.8 billion in the second quarter of 2020. Total sales for the quarter were $27.6 billion compared to $27.3 billion in the year-ago period, and comparable sales decreased 1.6 per cent.  Comparable sales for the U.S. home improvement business decreased 2.2 per cent year-over-year. In the quarter, the company had 21 per cent growth in its Pro business, 10 per cent growth in installation services, and strong comparable sales across décor product categories. eCommerce sales grew seven per cent on top of 135 per cent growth last year.