Lowe’s Sees Profits Increase 25.8 Percent in Q3

Nov 18, 2015

Lowe’s reported a $736 million profit in the third quarter of 2015, a 25.8 percent increase year-over-year.

The company’s sales in the third quarter were $14.4 billion, up from $13.7 billion in the third quarter of 2014. Comparable store sales increased 5 percent in the third quarter of 2015.

"This is an exciting time for Lowe's as we continue to execute our strategic priorities alongside a favorable macroeconomic backdrop," said Robert Niblock, Lowe's chairman, president and CEO, in a statement. "I am pleased that we delivered another solid quarter.”

Flooring sales were below average, although specific numbers were not reported, according to Lowe’s investor webcast.

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