Tag Archives: Robert Niblock

Lowe’s Q1 Net Up 15.6 Percent

lowe's

MOORESVILLE, N.C.-Solid sales of indoor products and improved margins helped firm Lowe’s bottom line to the tune of 15.6 percent, to $624 million in net income for the quarter ending on May 2. Net sales were up 2.4 percent to $13.4 billion, including a same-store sales gain of 0.9 percent. Robert Niblock, Lowe’s chairman, presidentMore »

Lowe’s Q3 Net Jumps 26 Percent

Lowe’s

MOORESVILLE, N.C.-An upward track in both sales and margin brought Lowe’s a 26 percent gain in third-quarter net income, to $499 million. The home-improvement retailer’s net sales were up 7.3 percent to $13 billion in the quarter, which ended on Nov. 1. This included a pickup of 6.2 percent in same-store sales. Robert Niblock, Lowe’sMore »