secwatch.observer — SEC 8-K summary
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Issuer:     LOWES COMPANIES INC (LOW)
CIK:        0000060667
Form:       8-K
Filed at:   2024-08-20T23:59:59+00:00
Accession:  0000060667-24-000137
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lowe's Q2 diluted EPS $4.17, comparable sales -5.1%; Pro comps positive mid-single-digit
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/60667/000006066724000137/0000060667-24-000137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/60667/000006066724000137/low-20240820.htm
  HTML page:      https://secwatch.observer/filing/0000060667-24-000137

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