secwatch.observer — SEC 8-K summary
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Issuer:     LOWES COMPANIES INC (LOW)
CIK:        0000060667
Form:       8-K
Filed at:   2024-05-21T23:59:59+00:00
Accession:  0000060667-24-000081
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/60667/000006066724000081/0000060667-24-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/60667/000006066724000081/low-20240521.htm
  HTML page:      https://secwatch.observer/filing/0000060667-24-000081

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