secwatch.observer — SEC 8-K summary
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Issuer:     LOWES COMPANIES INC (LOW)
CIK:        0000060667
Form:       8-K
Filed at:   2022-05-18T23:59:59+00:00
Accession:  0000060667-22-000075
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lowe's Q1 EPS $3.51 beats $3.21; sales $23.7B down 4%; affirms FY guidance
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- Net earnings $2.3B, diluted EPS $3.51 (up 9.3% from $3.21); total sales $23.7B vs $24.4B.
- Consolidated comparable sales -4.0%; U.S. comp -3.8% (two-year stack +19.7%). Pro customer sales +20%.
- Operating margin 13.96% (+67 bps); gross margin 34.03% (+74 bps).
- Affirms FY2022 outlook: sales $97-99B, comp sales -1% to +1%, diluted EPS $13.10-13.60.
- Repurchased 19M shares for $4.1B, paid $537M dividends; store count 1,971.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/60667/000006066722000075/0000060667-22-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/60667/000006066722000075/low-20220518.htm
  HTML page:      https://secwatch.observer/filing/0000060667-22-000075

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer