{"schema_version":"secwatch.filing_event.v1","accession":"0000060667-23-000079","form_type":"8-K","ticker":"LOW","cik":"0000060667","company_name":"LOWES COMPANIES INC","filed_at":"2023-05-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.914192+00:00","generated_at":"2026-06-14T17:35:40.768400+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Lowe's Q1 diluted EPS $3.77, comp sales -4.3%; cuts FY2023 outlook","bullets":["Q1 diluted EPS $3.77 (adjusted $3.67, +5% YoY); net earnings $2.3B.","Total sales $22.3B (incl ~$735M timing shift from 53-week year); comp sales -4.3%.","Pro and online comps positive; FY2023 outlook lowered due to softer DIY discretionary demand and lumber deflation.","Returned $2.8B to shareholders: $2.1B share repurchases (10.6M shares) and $633M dividends.","Adjusted operating margin improved to 14.4% (+47bps); gross margin 33.7% (-35bps)."],"urls":{"canonical":"https://secwatch.observer/filing/0000060667-23-000079","json":"https://secwatch.observer/filing/0000060667-23-000079.json","markdown":"https://secwatch.observer/filing/0000060667-23-000079.md","text":"https://secwatch.observer/filing/0000060667-23-000079.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/60667/000006066723000079/0000060667-23-000079-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/60667/000006066723000079/low-20230523.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T17:35:40.768400+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"737c419624350ee75e041c92f576b1f425aa956e","claim":"LOWES COMPANIES INC reported first quarter ended May 5, 2023 results: revenue $22.3 billion, net income $2.3 billion, EPS $3.77.","evidence_excerpt":"MOORESVILLE, N.C., May 23, 2023 – Lowe’s Companies, Inc. (NYSE: LOW) today reported net earnings of $2.3 billion and diluted earnings per share (EPS) of $3.77 for the quarter ended May 5, 2023, compared to diluted EPS of $3.51 in the first quarter of 2022 . During the first quarter, the company recognized a gain associated with the 2022 sale of the Canadian retail business. This positively impacted first quarter diluted EPS by $0.10. Excluding this benefit, the company delivered adjusted diluted EPS 1 of $3.67, an increase of 5% compared to prior year. Total sales for the quarter were $22.3 billion 2 .","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/60667/000006066723000079/0000060667-23-000079-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended May 5, 2023"},{"label":"Revenue","value":"$22.3 billion"},{"label":"Net income","value":"$2.3 billion"},{"label":"EPS","value":"$3.77"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}