---
schema_version: "secwatch.filing_event.v1"
accession: "0000060667-22-000166"
form_type: "8-K"
ticker: "LOW"
cik: "0000060667"
company_name: "LOWES COMPANIES INC"
filed_at: "2022-11-16T23:59:59+00:00"
generated_at: "2026-06-21T17:49:39.498626+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lowe's Q3 adjusted EPS $3.27, +19.8% YoY; US comps up 3%; raises FY outlook

## Summary
- Adjusted diluted EPS $3.27 (ex $2.1B Canadian impairment), up 19.8% YoY; GAAP EPS $0.25.
- Total sales $23.5B (+2.4% YoY); US comparable sales +3.0%, driven by Pro growth of 19% and Lowes.com +12%.
- Adjusted operating margin improved 54 bps to 12.71%; raised full-year 2022 outlook.
- Repurchased 20.5M shares for $4.0B; paid $666M in dividends; awarded $200M bonuses and $170M wage increases.
- Non-cash impairment of $2.1B on Canadian retail business; Canadian operations under review.

## SEC filing metadata
- accession: 0000060667-22-000166
- form_type: 8-K
- ticker: LOW
- cik: 0000060667
- company_name: LOWES COMPANIES INC
- filed_at: 2022-11-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/60667/000006066722000166/0000060667-22-000166-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/60667/000006066722000166/low-20221116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000060667-22-000166
- JSON: https://secwatch.observer/filing/0000060667-22-000166.json
- Plain text: https://secwatch.observer/filing/0000060667-22-000166.txt

## Key facts
- Earnings Releases
  LOWES COMPANIES INC reported third quarter ended October 28, 2022 results: revenue $23.5 billion, net income $154 million, EPS $0.25. Guidance raised.
  - Period: third quarter ended October 28, 2022
  - Revenue: $23.5 billion
  - Net income: $154 million
  - EPS: $0.25
  - Guidance: raised
  - Result: reported results
  source text: Lowe’s Companies, Inc. (NYSE: LOW) today reported net earnings of $154 million and diluted earnings per share (EPS) of $0.25 for the quarter ended Oct. 28, 2022, which included a pre-tax non-cash asset impairment charge of $2.1 billion related to its Canadian retail business, compared to diluted EPS of $2.73 in the third quarter of 2021 . Excluding the impairment charge, third quarter adjusted diluted EPS 1 increased 19.8% to $3.27 compared to the prior year. Total sales for the third quarter were $23.5 billion compared to $22.9 billion in the third quarter of 2021, and comparable sales increased 2.2%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/60667/000006066722000166/0000060667-22-000166-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.