News

Lowe’s by the numbers

BY HBSDealer Staff

Mooresville, N.C.-based Lowe’s delivered strong results for its fourth quarter and full year ended Jan. 31.

During the earnings call with investors, executives pointed to improvements in a variety of areas — the omnichannel experience, serving the pro customer and the integration of its investment in RONA in Canada.

Executives backed up their story with statistics. Here are some of them:
 

  • Comparable store sales growth in Q4: 5.1%
  • Comparable increase in average ticket in Q4: 4%
  • Increase in comparable transactions in Q4: 1.1%
  • Q4 average ticket: $69.58
  • Increase in number of transactions above $500 in Q4: 9%
     
  • Number of regions, out of 14, that achieved positive comps in Q4: 14
  • Number of categories, out of 13, that achieved positive comps in Q4: 12
  • Sales growth of Lowes.com in Q4: 25%
  • Number of quarters since Lowes.com website redesign: 2
     
  • Full year 2016 sales: $65 billion
  • Full-year comp-store sales growth: 4.2%
  • Rank of Black Friday sales, both in-store and online, among all previous Black Fridays: 1
     
  • Q4 comp-store sales growth in pneumatics: 15%
  • Rank of Bostitch and Hitachi among pneumatic tool brands, according to Lowe’s: 1 or 2
     
  • Number of stores Lowe’s plans to open in 2017: 35
  • Of those, the number of domestic big box Lowe’s stores: 9
  • Number of Orchard Supply Hardware stores: 14
     
  • Number of years Bob Hull worked at Lowe’s, before his retirement: 17
  • Years as CFO: 14

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How much credit should be given to the co-op business model for the success of the independent hardware and building supply dealer over the last half century?
News

HBSDealer Stock Watch: More leveling off

BY HBSDEALER Staff

Stocks mostly trended down again on Friday following Wednesday's peak performance.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How much credit should be given to the co-op business model for the success of the independent hardware and building supply dealer over the last half century?
News

Quikrete Industry Dashboard: Confidence high

BY HBSDEALER Staff

Consumer confidence reached a 15-year crescendo in February, and the stock market forged ahead over the last week.

(Click below for a larger version)

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How much credit should be given to the co-op business model for the success of the independent hardware and building supply dealer over the last half century?