The home improvement company announced the appointment of Brandon Sink as executive vice president and chief financial officer, effective April 30.
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The home improvement company says it plans to use the net proceeds from the sale of the notes for “general corporate purposes.”
The company also reported 2021 fourth-quarter net earnings of $1.2 billion and diluted earnings per share of $1.78.
The company reported 2021 3Q net earnings of $1.9 billion and sales of $22.9 billion, according to the latest earnings announcement.
Total net sales rose 24.1% to $24.42 billion from $19.68 billion last year while comparable sales increased 25.9%
Lowe’s reports fourth-quarter revenue grew 26.7% to $20.3 billion.
Lowe’s also posts a profit of $692 million as the company continues to ride the wave of home improvement growth amid the COVID-19 pandemic.
Lowe’s also posts profit of nearly $3 billion as the company rides the wave of home improvement growth amid the COVID-19 pandemic.
Lowes announces a host of supply chain initiatives as it looks to improve same-day and next-day fulfillment options for customers.
