Lowe's 2007 Annual Report Download - page 2

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Business Description
Lowe’s Companies, Inc. is a $48.3 billion
retailer, offering a complete line of home
improvement products and services. The
Company, through its subsidiaries, serves
approximately 14 million do-it-yourself, do-it-
for-me and Commercial Business Customers
each week through 1,534 stores in the
United States and Canada. Founded in 1946
and based in Mooresville, N.C., Lowe’s is
the second-largest home improvement
retailer in the world and employs more than
215,000 people. Lowe’s has been a publicly
held company since October 10, 1961. The
Company’s stock is listed on the New York
Stock Exchange with shares trading under
the symbol LOW. For more information, visit
www.Lowes.com.
Financial Highlights
IN MIL LIO NS, E XCE PT PER SHA RE DATA
Change
Over Fiscal Fiscal
2006 2007 2006
Net Sales 2.9% $48,283 $46,927
Gross Margin 12 bps134.64% 34.52%
Pre-Tax Earnings -9.7% $ 4,511 $ 4,998
Earnings Per Share
Basic Earnings Per Share -5.9% $ 1.90 $ 2.02
Diluted Earnings Per Share -6.5% $ 1.86 $ 1.99
Cash Dividends Per Share 61.1% $ 0.29 $ 0.18
1Basis Points
Annual Diluted
Earnings Per Share
Annual Cash
Dividends
03 04 05 06 07 03 04 05 06 07
Over the past five years, diluted earnings
per share have grown from $1.13 to
$1.86, a 15% compound annual
growth rate.
Lowe’s has paid a cash dividend every
quarter since going public in 1961. Our
dividend has increased substantially
over the past five years, growing at
a 47% compound annual growth rate.