Expectations and Analysis of Lowe's Companies Q1 2024 Earnings Report
Monday, 13 May 2024, 17:50
Revenue
Analysts project Q1 2024 revenue at $21.1 billion vs. $22.3 billion YoY. Net sales fell 17% YoY to $18.6 billion in Q4 2023.
Earnings
Consensus EPS estimate for Q1 2024: $2.94 vs. $3.67 YoY. Q4 2023 EPS increased 12% YoY to $1.77.
Points to Note
- Slowed Demand: Lowe's faced challenges due to a slowdown in DIY demand and adverse weather conditions.
- Macroeconomic Outlook: Uncertainty regarding macro factors such as interest rate cuts and housing turnover raises concerns for 2024.
- Key Initiative: The DIY loyalty program and digital investments aim to drive customer traffic and loyalty.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.