---
schema_version: "secwatch.filing_event.v1"
accession: "0000060667-23-000159"
form_type: "8-K"
ticker: "LOW"
cik: "0000060667"
company_name: "LOWES COMPANIES INC"
filed_at: "2023-11-21T23:59:59+00:00"
generated_at: "2026-06-07T22:59:49.433115+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lowe's Q3 2023: Comp sales down 7.4%, EPS $3.06 vs $3.27 adj. prior year

## Summary
- Net earnings $1.8B, diluted EPS $3.06; prior-year EPS $0.25 included $2.1B Canadian impairment.
- Total sales $20.5B; comparable sales decreased 7.4% due to DIY discretionary spending pullback.
- Positive Pro comp sales; store count 1,746 after opening 1 store and 3 outlets.
- Returned $2.2B to shareholders through $1.6B share repurchases and $642M dividends.
- Full-year 2023 outlook updated; adjusted operating margin +46 bps vs prior year.

## SEC filing metadata
- accession: 0000060667-23-000159
- form_type: 8-K
- ticker: LOW
- cik: 0000060667
- company_name: LOWES COMPANIES INC
- filed_at: 2023-11-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/60667/000006066723000159/0000060667-23-000159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/60667/000006066723000159/low-20231121.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000060667-23-000159
- JSON: https://secwatch.observer/filing/0000060667-23-000159.json
- Plain text: https://secwatch.observer/filing/0000060667-23-000159.txt

## Key facts
- Earnings Releases
  LOWES COMPANIES INC reported third quarter ended November 3, 2023 results: revenue $20.5 billion, net income $1.8 billion, EPS $3.06.
  - Period: third quarter ended November 3, 2023
  - Revenue: $20.5 billion
  - Net income: $1.8 billion
  - EPS: $3.06
  - Result: reported results
  source text: related to its Canadian retail business. Excluding the impairment charge in the prior year, third quarter 2022 adjusted diluted EPS 1 was $3.27. Total sales for the quarter were $20.5 billion 2 . Comparable sales decreased 7.4% 3 due to a decline in DIY discretionary spending, partially offset by positive Pro customer comp sales. “In the third quarter, the company
  evidence_url: https://www.sec.gov/Archives/edgar/data/60667/000006066723000159/0000060667-23-000159-index.htm

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