Lowe's 2009 Annual Report Download - page 2

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FINANCIAL HIGHLIGHTS
IN MILLIONS, EXCEPT PER SHARE DATA
CHANGE
OVER FISCAL FISCAL
2008 2009 2008
Net Sales -2.1% $47,220 $48,230
Gross Margin 65 bps1 34.86% 34.21%
Pre-Tax Earnings -19.4% $ 2,825 $ 3,506
Basic Earnings Per Share -19.3% $ 1.21 $ 1.50
Diluted Earnings Per Share -18.8% $ 1.21 $ 1.49
Cash Dividends Per Share 6.0% $ 0.355 $ 0.335
1 Basis Points
LOWE’S VALUES
Customer Focused
Ownership
Respect
Teamwork
Passion for Execution
Integrity
Letter to Shareholders 1
Q&A – There’s No Place Like Home…Still 3
Case Studies 5
Q&A – There’s No Store Like Lowe’s 12
Q&A – The Pursuit of Profitable Growth 15
2009 Financial Review 17
Board of Directors and Executive Officers 52
Corporate Information inside back cover
About the cover: Flooring: Bruce Lock&Fold™ Brazilian Cherry Hardwood Flooring, item 130674;
Wall color: Valspar® Ultra Premium Paint, Cincinnatian Filson Blue #4003-8B; Trim: Filtered Shade #4003-1B and Foyer: Maple Cream #3003-4B