Lowe's Net Jumps 26.5 Percent in Fourth Quarter

MOORESVILLE, N.C.-Fourth-quarter net income for Lowe's registered at $205 million, 26.5 percent ahead of last year's fourth-quarter profit.

Net sales edged up 1.8 percent to $10.2 billion in the quarter, and gross margin improved by 122 basis points. These items helped offset a 4 percent gain in total expenses. For the full fiscal year, Lowe's posted a drop of 18.8 percent in net income, to $1.78 billion; and a decline of 2.1 percent in net sales to $47.2 billion.

The fourth-quarter results "suggest the worst of the economic cycle is likely behind us," said Robert Niblock, Lowe's chairman and chief executive officer. "While the psychological impact of falling home prices and an uncertain employment picture continue to weigh on consumers, improving comparable-store sales trends, including improvement in many bigger-ticket project categories, provides an encouraging sign that consumers are gaining the confidence to take on more discretionary projects."

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


  • Adriana Hoyos Relaunches Brand at High Point Market

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN cover for September 2017


    September 2017


    2017 State of the Industry Report
    Cautious Optimism, Mixed Results

    Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.


    •  TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
    •   Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
    •  N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.