earnings
confidence high
sentiment positive
materiality 0.75
Lowe's provides FY2022 outlook: sales $94-97B, EPS $12.25-$13.00; board approves $13B share repurchase program
LOWES COMPANIES INC
2021-Q3 EPS reported
$10.21
revenue$74,911,000,000
- Board authorized new $13B share repurchase program; total authorization ~$20B including $7.3B remaining from prior program.
- Company plans ~$12B in share repurchases in 2022.
- FY2022 guidance: total sales $94-97B, comparable sales -3% to flat, operating margin 12.5-12.8%, diluted EPS $12.25-$13.00.
- FY2022 capex expected ~$2B; ROIC target ~35%.
- FY2021 outlook reiterated: total sales ~$95B, operating margin 12.4%, ROIC over 33%.