secwatch.observer — SEC 8-K summary
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Issuer:     LOWES COMPANIES INC (LOW)
CIK:        0000060667
Form:       8-K
Filed at:   2023-11-21T23:59:59+00:00
Accession:  0000060667-23-000159
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/60667/000006066723000159/0000060667-23-000159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/60667/000006066723000159/low-20231121.htm
  HTML page:      https://secwatch.observer/filing/0000060667-23-000159

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