Lowe's affirms FY2022 outlook, announces new $15B share repurchase program

LOWES COMPANIES INC

Affirms FY2022 outlook: total sales $97–98B, adj. EPS $13.65–13.80, comp sales flat to down 1%.
Board authorizes new $15B share repurchase program; total authorization ~$21B (including prior $6.4B balance).
Provides 2023 scenario planning and updates long-term financial targets at Analyst and Investor Conference.
FY2022 total share repurchases expected to be ~$13B; adjusted ROIC target over 37%.

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