earnings
confidence high
sentiment negative
materiality 0.75
Lowe's Q2 diluted EPS $4.17, comparable sales -5.1%; Pro comps positive mid-single-digit
LOWES COMPANIES INC
2024-Q2 EPS reported
$7.23
revenue$44,950,000,000
- Net earnings $2.4B; diluted EPS $4.17 vs $4.56 YoY; adjusted diluted EPS $4.10.
- Total sales $23.6B, down 5.6% YoY; comparable sales decreased 5.1%.
- Pro customer comps positive mid-single-digit; online sales growth +2.9%.
- Gross margin 33.5% (-19 bps); operating margin 14.6% (-96 bps).
- Returned $1.6B to shareholders: $1.0B share repurchases, $629M dividends.