earnings
confidence high
sentiment positive
materiality 0.75
Lowe's Q3 EPS $2.73 beats; raises FY outlook; US comp +2.6%; $12B buyback plan
LOWES COMPANIES INC
2021-Q3 EPS reported
$10.21
revenue$74,911,000,000
- Net earnings $1.9B, diluted EPS $2.73; adjusted EPS $2.73, up 38% YoY from $1.98.
- Total sales $22.9B (+2.7%); US comp sales +2.6%, two-year US comp +33.7%.
- Pro sales growth >16%, Lowes.com +25%; all 15 regions delivered 2-year comp >+19%.
- Operating margin +242 bps, gross margin +38 bps; disciplined cost management.
- Repurchased 13.7M shares for $2.9B in Q3; plans ~$12B total repurchases for fiscal 2021.