earnings
confidence high
sentiment positive
materiality 0.80
Lowe's Q2 EPS $4.25 (up 13% adj.), revenue $27.6B, raises FY2021 outlook
LOWES COMPANIES INC
2021-Q2 EPS reported
$7.46
revenue$51,993,000,000
- Diluted EPS $4.25 (up 13% adjusted vs $3.75); net earnings $3.0B.
- Total sales $27.6B (+1.0% YoY); U.S. comp sales -2.2% but two-year comp +32.0%.
- Raised fiscal 2021 financial outlook; operating margin expanded 78 bps to 15.27%.
- Returned ~$3.6B to shareholders via buybacks ($3.1B) and dividends ($430M) in Q2.
- Pro sales +21%, Installation Services +10%, Lowes.com +7% on top of 135% growth last year.