Lowe’s Reports Q4 Results

Home improvement retailer reports fourth-quarter net loss of $824 million.

Lowe's Companies Inc. (NYSE: LOW), Mooresville, NC, reported sales of $15.6 billion for the fourth quarter ended February 1, 2019, up just slightly compared with $15.5 billion in the fourth quarter of 2017.

The home improvement retailer reported a net loss of $824 million, which included pre-tax charges of $1.6 billion, compared to net earnings of $554 million in the fourth quarter of 2017.  

Lowe’s said that comparable sales growth improved during the fourth quarter, and that U.S. home improvement comparable sales growth was up nearly 6 percent in January. Company leaders said they expect U.S. economic conditions to remain sound in 2019, but pointed to continued weakness in the Canadian housing market in the near-term.


Related Posts

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.