secwatch.observer — SEC 8-K summary
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Issuer:     LOWES COMPANIES INC (LOW)
CIK:        0000060667
Form:       8-K
Filed at:   2021-11-17T23:59:59+00:00
Accession:  0000060667-21-000165
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lowe's Q3 EPS $2.73 beats; raises FY outlook; US comp +2.6%; $12B buyback plan
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/60667/000006066721000165/0000060667-21-000165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/60667/000006066721000165/low-20211117.htm
  HTML page:      https://secwatch.observer/filing/0000060667-21-000165

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