secwatch.observer — SEC 8-K summary
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Issuer:     LOWES COMPANIES INC (LOW)
CIK:        0000060667
Form:       8-K
Filed at:   2022-12-07T23:59:59+00:00
Accession:  0000060667-22-000172
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/60667/000006066722000172/0000060667-22-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/60667/000006066722000172/low-20221207.htm
  HTML page:      https://secwatch.observer/filing/0000060667-22-000172

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