Lowe's reported sales for the second quarter were $27.6 billion compared to $27.3 billion in the second quarter of 2020.Net earnings were $3.0 billion compared to net earnings of $2.8 billion in the second quarter of 2020.
Comparable sales for the U.S. home improvement business decreased 2.2 percent for the second quarter. For the sixth consecutive quarter, 100 percent of Lowe's stores earned a Winning Together profit-sharing bonus, resulting in an expected total payout of $91 million to front-line hourly associates. This payment is $20 million above the target level, the company said.