earnings
confidence high
sentiment positive
materiality 0.80
Lowe's Q2 EPS $4.67 beats prior year; US comp sales +0.2%, total comp -0.3%
LOWES COMPANIES INC
2022-Q2 EPS reported
$8.16
revenue$51,135,000,000
- Diluted EPS $4.67 vs $4.25 YoY (+9.9%); net earnings $3.0B in line with prior year.
- Total sales $27.5B vs $27.6B; US comp +0.2%, total comp -0.3%.
- Pro sales grew 13% YoY (9th consecutive quarter); DIY pressured by shortened spring and discretionary pullback.
- Full-year guidance: sales $97-99B (toward bottom), EPS $13.10-13.60 (toward top), operating margin 12.8-13.0%.
- Returned $4.5B to shareholders ($4.0B buybacks + $524M dividends); awarded $55M bonus to hourly associates.