U.S. – Lowe’s Companies, Inc, the second largest home inprovement retailer in the world, reported consolidated sales for fiscal year 2016 of USD 65.0 billion, a 10.1 percent increase compared to 2015, and comparable sales increased 4.2 percent. 

Comparable sales for the U.S. business increased 5.1 percent for the fourth quarter and 4.1 percent for the fiscal year. Sales for the fourth quarter increased 19.2 percent to USD 15.8 billion from USD 13.2 billion in the fourth quarter of 2015, and comparable sales increased 5.1 percent.

“We achieved strong fourth quarter results, delivering comparable sales growth and adjusted earnings per share above our expectations,” commented Robert A. Niblock, Lowe’s chairman, president and CEO. “We leveraged our omni-channel platform, customer experience design capabilities, and project expertise to drive strong holiday performance and capitalize on broad-based project demand throughout the quarter.  Our success is a testament to our employees and I’d like to thank them for their dedication and purposeful commitment to serving the evolving needs of customers.”