Lowe’s total sales grow by 2.7 per cent

Lowe's achieved sales of USD 22.918 bn (EUR 20.184 mio) in the third quarter (ended 29 October) of its fiscal year 2021/2022, an increase of 2.7 per cent compared to the same period of the previous year. Comparable sales increased 2.2 per cent. Comparable sales for the U.S. home improvement business increased 2.6 per cent for the third quarter. "Our momentum continued this quarter, with U.S. sales comps up nearly 34 per cent on a two-year basis, as our Total Home strategy is resonating with the Pro and DIY customer alike. In the quarter, we drove over 16 per cent growth in Pro and 25 per cent on Lowes.com," commented Marvin R. Ellison, Lowe's chairman, president and CEO.