Lowe’s by the numbers
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