secwatch.observer — SEC 8-K summary
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Issuer:     LOWES COMPANIES INC (LOW)
CIK:        0000060667
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0000060667-24-000012
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lowe's Q4 comp sales down 6.2%; diluted EPS $1.77; provides FY2024 outlook
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- Q4 net earnings $1.0B, diluted EPS $1.77 (vs $1.58 prior year including Canadian sale costs).
- Total sales $18.6B (vs $22.4B); prior period had 53rd week and Canadian retail business.
- Comparable sales -6.2% driven by DIY pullback and winter weather; Pro comp flat.
- FY 2023 diluted EPS $13.20; $8.9B returned to shareholders ($6.3B buybacks, $2.5B dividends).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/60667/000006066724000012/0000060667-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/60667/000006066724000012/low-20240227.htm
  HTML page:      https://secwatch.observer/filing/0000060667-24-000012

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