secwatch.observer — SEC 8-K summary
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Issuer:     LOWES COMPANIES INC (LOW)
CIK:        0000060667
Form:       8-K
Filed at:   2022-11-16T23:59:59+00:00
Accession:  0000060667-22-000166
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/60667/000006066722000166/0000060667-22-000166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/60667/000006066722000166/low-20221116.htm
  HTML page:      https://secwatch.observer/filing/0000060667-22-000166

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