Lowe’s Companies, Inc. Q1 2024 Earnings: A Detailed Financial Overview
Tuesday, 21 May 2024, 11:28
Overview
Lowe's Companies, Inc. (NYSE: LOW) reported its Q1 2024 earnings, revealing a decline in total sales and comparable sales. Despite this, net earnings figures and future outlook remain positive.
Key Financials
- Total sales decreased from $22.3 billion to $21.4 billion
- Comparable sales down by 4.1%
- Net earnings at $1.8 billion, with a decline in earnings per share
Outlook
For the full year 2024, Lowe's expects total sales of $84-85 billion and an EPS range of $12.00-12.30, with a projected decrease in comparable sales. The stock demonstrated growth in premarket trading following the earnings report.
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.