---
schema_version: "secwatch.filing_event.v1"
accession: "0000060667-24-000081"
form_type: "8-K"
ticker: "LOW"
cik: "0000060667"
company_name: "LOWES COMPANIES INC"
filed_at: "2024-05-21T23:59:59+00:00"
generated_at: "2026-06-01T11:39:27.763125+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lowe's Q1 2024 diluted EPS $3.06, sales $21.4B, comps -4.1%

## Summary
- Diluted EPS $3.06 vs $3.77 prior year (incl. Canadian gain); prior-year adjusted EPS $3.67.
- Total sales $21.4B, down 4.0% YoY; comparable sales decreased 4.1% on DIY big-ticket weakness.
- Gross margin 33.2% (-49 bps); operating margin 12.4% (-229 bps).
- Returned $1.4B to shareholders: $743M in buybacks (~3.0M shares) and $633M in dividends.
- Affirms full-year 2024 outlook; Pro and online comps positive; DIY loyalty program rolled out nationally.

## SEC filing metadata
- accession: 0000060667-24-000081
- form_type: 8-K
- ticker: LOW
- cik: 0000060667
- company_name: LOWES COMPANIES INC
- filed_at: 2024-05-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/60667/000006066724000081/0000060667-24-000081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/60667/000006066724000081/low-20240521.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000060667-24-000081
- JSON: https://secwatch.observer/filing/0000060667-24-000081.json
- Plain text: https://secwatch.observer/filing/0000060667-24-000081.txt

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