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LOWE'S REPORTS SECOND QUARTER 2024 SALES AND EARNINGS RESULTS

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Lowe's Companies, Inc. (NYSE: LOW) reported second quarter 2024 results with net earnings of $2.4 billion and diluted EPS of $4.17. Adjusted diluted EPS, excluding a $43 million pre-tax gain from the Canadian retail business sale, was $4.10. Total sales decreased to $23.6 billion from $25.0 billion in the prior-year quarter, with comparable sales declining 5.1%. The company faced challenges in DIY bigger ticket discretionary spending and unfavorable weather impacting seasonal sales. However, Lowe's saw positive comparable sales in Pro and online segments. The company repurchased 4.4 million shares for $1.0 billion and paid $629 million in dividends. Due to lower-than-expected DIY sales and a pressured macroeconomic environment, Lowe's has updated its full year 2024 outlook.

Lowe's Companies, Inc. (NYSE: LOW) ha riportato i risultati del secondo trimestre del 2024 con un utile netto di 2,4 miliardi di dollari e un EPS diluito di 4,17 dollari. L'EPS diluito rettificato, escluse un guadagno ante imposte di 43 milioni di dollari derivante dalla vendita della attività di vendita al dettaglio in Canada, è stato di 4,10 dollari. Le vendite totali sono diminuite a 23,6 miliardi di dollari rispetto ai 25,0 miliardi di dollari dello stesso trimestre dell'anno precedente, con un declino delle vendite comparabili del 5,1%. L'azienda ha affrontato delle sfide nella spesa discrezionale per i prodotti di grande valore per il bricolage e condizioni meteorologiche sfavorevoli che hanno incidito sulle vendite stagionali. Tuttavia, Lowe's ha registrato vendite comparabili positive nei settori Pro e online. L'azienda ha riacquistato 4,4 milioni di azioni per 1,0 miliardo di dollari e ha distribuito 629 milioni di dollari in dividendi. A causa di vendite di bricolage inferiori alle aspettative e di un ambiente macroeconomico sotto pressione, Lowe's ha aggiornato le previsioni per l'intero anno 2024.

Lowe's Companies, Inc. (NYSE: LOW) informó sobre los resultados del segundo trimestre de 2024, con ganancias netas de 2.4 mil millones de dólares y un EPS diluido de 4.17 dólares. El EPS diluido ajustado, excluyendo una ganancia antes de impuestos de 43 millones de dólares proveniente de la venta del negocio minorista en Canadá, fue de 4.10 dólares. Las ventas totales disminuyeron a 23.6 mil millones de dólares desde 25.0 mil millones de dólares en el trimestre del año anterior, con una caída del 5.1% en las ventas comparables. La empresa enfrentó desafíos en el gasto discrecional por productos de mayor precio para el bricolaje y condiciones climáticas desfavorables que impactaron las ventas estacionales. Sin embargo, Lowe's vio ventas comparables positivas en los segmentos Pro y en línea. La compañía recompró 4.4 millones de acciones por 1.0 mil millones de dólares y pagó 629 millones de dólares en dividendos. Debido a ventas de bricolaje más bajas de lo esperado y un entorno macroeconómico presionado, Lowe's ha actualizado su perspectiva para todo el año 2024.

Lowe's Companies, Inc. (NYSE: LOW)는 2024년 2분기 결과를 보고하며 순이익 24억 달러희석 주당순이익(EPS) 4.17 달러를 기록했습니다. 캐나다 소매업체 매각으로 인한 세전 이익 4천3백만 달러를 제외한 조정 희석 EPS는 4.10 달러였습니다. 총 매출은 이전 연도 동기 대비 236억 달러로 감소했으며, 비교 가능한 매출은 5.1% 감소했습니다. 회사는 DIY 고급 대형 제품의 선택적 지출 감소와 계절적 판매에 영향을 미친 불리한 날씨로 어려움을 겪었습니다. 그러나 Lowe's는 Pro 및 온라인 부문에서 긍정적인 비교 가능한 매출을 기록했습니다. 회사는 440만 주를 10억 달러에 재매입하였고, 6억 2900만 달러의 배당금을 지급하였습니다. 예상보다 저조한 DIY 판매와 압박받는 거시 경제 환경으로 인해 Lowe's는 2024년 전체 연도 전망을 업데이트했습니다.

Lowe's Companies, Inc. (NYSE: LOW) a annoncé ses résultats du deuxième trimestre 2024 avec un bénéfice net de 2,4 milliards de dollars et un EPS dilué de 4,17 dollars. L'EPS dilué ajusté, hors un gain avant impôts de 43 millions de dollars provenant de la vente de l'activité de vente au détail au Canada, était de 4,10 dollars. Le chiffre d'affaires total a diminué à 23,6 milliards de dollars, contre 25,0 milliards de dollars au trimestre de l'année précédente, avec une baisse des ventes comparables de 5,1%. L'entreprise a rencontré des défis dans les dépenses discrétionnaires pour des produits plus chers en bricolage et des conditions climatiques défavorables affectant les ventes saisonnières. Toutefois, Lowe's a constaté des ventes comparables positives dans les segments Pro et en ligne. L'entreprise a racheté 4,4 millions d'actions pour 1,0 milliard de dollars et a distribué 629 millions de dollars en dividendes. En raison de ventes DIY inférieures aux attentes et d'un environnement macroéconomique sous pression, Lowe's a mis à jour sa prévision pour l'ensemble de l'année 2024.

Lowe's Companies, Inc. (NYSE: LOW) hat die Ergebnisse des zweiten Quartals 2024 veröffentlicht, mit netto Gewinn von 2,4 Milliarden Dollar und einem verwässerten EPS von 4,17 Dollar. Der angepasste verwässerte EPS, ohne einen vorsteuerlichen Gewinn von 43 Millionen Dollar durch den Verkauf des kanadischen Einzelhandelsgeschäfts, betrug 4,10 Dollar. Der Gesamtumsatz sank auf 23,6 Milliarden Dollar gegenüber 25,0 Milliarden Dollar im Vorjahresquartal, wobei die vergleichbaren Umsätze um 5,1% zurückgingen. Das Unternehmen sah sich Herausforderungen im DIY-Bereich bei größeren discretionary Ausgaben und ungünstigen Wetterbedingungen gegenüber, die die saisonalen Verkäufe beeinträchtigten. Lowe's verzeichnete jedoch positive vergleichbare Umsätze in den Pro- und Online-Segmenten. Das Unternehmen hat 4,4 Millionen Aktien für 1,0 Milliarden Dollar zurückgekauft und 629 Millionen Dollar an Dividenden ausgezahlt. Aufgrund von niedrigeren DIY-Verkäufen als erwartet und einem unter Druck stehenden makroökonomischen Umfeld hat Lowe's seine Prognose für das gesamte Jahr 2024 aktualisiert.

Positive
  • Positive comparable sales in Pro and online segments
  • Strong operating performance and improved customer service despite challenges
  • Continued share repurchases and dividend payments
Negative
  • Total sales decreased to $23.6 billion from $25.0 billion year-over-year
  • Comparable sales declined 5.1%
  • Challenging macroeconomic backdrop, especially for homeowners
  • Pressure in DIY bigger ticket discretionary spending
  • Unfavorable weather impacting seasonal and outdoor category sales
  • Updated (likely lowered) full year 2024 outlook

Insights

Lowe's Q2 2024 results reveal a challenging quarter with notable declines. $23.6 billion in total sales represents a 5.6% decrease year-over-year. The 5.1% drop in comparable sales is concerning, primarily attributed to reduced DIY discretionary spending and unfavorable weather impacting seasonal categories. However, the Pro segment and online sales showed positive growth, offering a silver lining.

Adjusted diluted EPS of $4.10 (excluding a one-time gain) marks a 10.1% decrease from Q2 2023's $4.56. This decline in profitability, coupled with the sales decrease, suggests margin pressure and potential operational challenges. The company's continued share repurchases ($1.0 billion) and dividend payments ($629 million) demonstrate confidence in its financial position, but may raise questions about capital allocation strategy in a challenging environment.

The updated full-year outlook indicates management's cautious stance on near-term prospects, particularly in the DIY segment. Investors should closely monitor Lowe's ability to navigate the pressured macroeconomic environment and its progress in the Pro customer segment as potential catalysts for future performance.

Lowe's Q2 results highlight the divergence in consumer behavior between DIY and Pro segments. The decline in DIY bigger ticket discretionary spending suggests consumers are becoming more cautious with home improvement projects, likely due to economic uncertainties and inflationary pressures. This trend could persist if macroeconomic conditions don't improve.

Conversely, the positive comps in the Pro segment indicate resilience in professional demand. This aligns with broader industry trends where professional-led projects are maintaining momentum. Lowe's focus on its Total Home strategy and investments to capture Pro market share could be a key differentiator moving forward.

The impact of unfavorable weather on seasonal sales underscores the vulnerability of retailers to external factors. However, the growth in online sales is encouraging, suggesting Lowe's is making progress in its omnichannel capabilities. As the home improvement market evolves, Lowe's ability to balance its DIY and Pro offerings while enhancing its digital presence will be important for long-term success.

— Diluted EPS of $4.17; Adjusted Diluted EPS1 of $4.10

— Comparable Sales Decreased 5.1%

— Updates Full Year 2024 Outlook —

MOORESVILLE, N.C., Aug. 20, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $2.4 billion and diluted earnings per share (EPS) of $4.17 for the quarter ended Aug. 2, 2024, compared to diluted EPS of $4.56 in the second quarter of 2023. During the second quarter, the Company recognized a $43 million pre-tax gain associated with the 2022 sale of the Canadian retail business. This positively impacted second quarter diluted EPS by $0.07. Excluding this gain, second quarter 2024 adjusted diluted EPS1 was $4.10.

Total sales for the quarter were $23.6 billion, compared to $25.0 billion in the prior-year quarter. Comparable sales for the quarter decreased 5.1% driven by continued pressure in DIY bigger ticket discretionary spending and unfavorable weather adversely impacting sales in seasonal and other outdoor categories, partially offset by positive comparable sales in Pro and online.

"The company delivered strong operating performance and improved customer service despite a challenging macroeconomic backdrop, especially for the homeowner.  At the same time, we continue to build momentum with our Total Home strategy reflected by our mid-single-digit positive comps with the Pro customer this quarter," said Marvin R. Ellison, Lowe's chairman, president and CEO. "As we look ahead, we are confident that we are making the right long-term investments to take share when the market recovers.  I'd like to extend my appreciation to our dedicated frontline associates who remain committed to serving our customers."

As of Aug. 2, 2024, Lowe's operated 1,746 stores representing 194.9 million square feet of retail selling space.

Capital Allocation
Through a disciplined capital program, the company continues to deliver long-term, sustainable shareholder value. During the quarter, the company repurchased approximately 4.4 million shares for $1.0 billion, and it paid $629 million in dividends.

Lowe's Business Outlook

Based on lower-than-expected DIY sales and a pressured macroeconomic environment, the company is updating its outlook for the operating results of full year 2024.

Adjusted operating income, adjusted operating margin, adjusted effective income tax rate and adjusted diluted EPS are non-GAAP financial measures that exclude the gain associated with the 2022 sale of the Canadian retail business, recorded in the second quarter. The company does not provide a reconciliation for non-GAAP estimates on a forward-looking basis where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items (which may be significant) without unreasonable effort, including timing of adjustments associated with the sale of our Canadian retail business.

Full Year 2024 Outlook

  • Total sales of $82.7 to $83.2 billion (previously $84 to $85 billion)
  • Comparable sales expected to be down -3.5 to -4.0% as compared to prior year (previously down -2 to -3%)
  • Adjusted operating income as a percentage of sales (adjusted operating margin) of 12.4 to 12.5% (previously 12.6 to 12.7%)
  • Net interest expense of approximately $1.4 billion
  • Adjusted effective income tax rate of approximately 24.5% (previously 25%)
  • Adjusted diluted earnings per share of approximately $11.70 to $11.90 (previously $12.00 to $12.30)
  • Capital expenditures of approximately $2 billion

A conference call to discuss second quarter 2024 operating results is scheduled for today, Tuesday, Aug. 20, at 9 a.m. ET. The conference call will be available by webcast and can be accessed by visiting Lowe's website at ir.lowes.com and clicking on Lowe's Second Quarter 2024 Earnings Conference Call Webcast. Supplemental slides will be available approximately 15 minutes prior to the start of the conference call. A replay of the call will be archived at ir.lowes.com.

Lowe's Companies, Inc.

Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2023 sales of more than $86 billion, Lowe's operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.

Disclosure Regarding Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Statements including words such as "believe", "expect", "anticipate", "plan", "desire", "project", "estimate", "intend", "will", "should", "could", "would", "may", "strategy", "potential", "opportunity", "outlook", "scenario", "guidance", and similar expressions are forward-looking statements.  Forward-looking statements involve, among other things, expectations, projections, and assumptions about future financial and operating results, objectives (including objectives related to environmental and social matters), business outlook, priorities, sales growth, shareholder value, capital expenditures, cash flows, the housing market, the home improvement industry, demand for products and services including customer acceptance of new offerings and initiatives, macroeconomic conditions and consumer spending, share repurchases, and Lowe's strategic initiatives, including those relating to acquisitions and dispositions and the impact of such transactions on our strategic and operational plans and financial results.  Such statements involve risks and uncertainties, and we can give no assurance that they will prove to be correct.  Actual results may differ materially from those expressed or implied in such statements.

A wide variety of potential risks, uncertainties, and other factors could materially affect our ability to achieve the results either expressed or implied by these forward-looking statements including, but not limited to, changes in general economic conditions, such as volatility and/or lack of liquidity from time to time in U.S. and world financial markets and the consequent reduced availability and/or higher cost of borrowing to Lowe's and its customers, slower rates of growth in real disposable personal income that could affect the rate of growth in consumer spending, inflation and its impacts on discretionary spending and on our costs, shortages, and other disruptions in the labor supply, interest rate and currency fluctuations, home price appreciation or decreasing housing turnover, age of housing stock, the availability of consumer credit and of mortgage financing, trade policy changes or additional tariffs, outbreaks of pandemics, fluctuations in fuel and energy costs, inflation or deflation of commodity prices, natural disasters, geopolitical or armed conflicts, acts of both domestic and international terrorism, and other factors that can negatively affect our customers.

Investors and others should carefully consider the foregoing factors and other uncertainties, risks and potential events including, but not limited to, those described in "Item 1A - Risk Factors" in our most recent Annual Report on Form 10-K and as may be updated from time to time in Item 1A in our quarterly reports on Form 10-Q or other subsequent filings with the SEC. All such forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update these statements other than as required by law.      

LOW-IR

____________________ 

1 Adjusted diluted earnings per share is a non-GAAP financial measure. Refer to the "Non-GAAP Financial Measures Reconciliation" section of this release for additional information, as well as reconciliations between the Company's GAAP and non-GAAP financial results.

 ###

Contacts:

Shareholder/Analyst Inquiries:


Media Inquiries:


Kate Pearlman


Steve Salazar


704-775-3856


steve.j.salazar@lowes.com


kate.pearlman@lowes.com



 

Lowe's Companies, Inc.

Consolidated Statements of Current Earnings and Accumulated Deficit (Unaudited)

In Millions, Except Per Share and Percentage Data



Three Months Ended


Six Months Ended


August 2, 2024


August 4, 2023


August 2, 2024


August 4, 2023

Current Earnings

Amount


% Sales


Amount


% Sales


Amount


% Sales


Amount


% Sales

Net sales

$  23,586


100.00


$  24,956


100.00


$  44,950


100.00


$  47,304


100.00

Cost of sales

15,691


66.53


16,557


66.34


29,965


66.66


31,378


66.33

Gross margin

7,895


33.47


8,399


33.66


14,985


33.34


15,926


33.67

Expenses:
















Selling, general and administrative

4,025


17.07


4,086


16.38


8,034


17.88


7,912


16.73

Depreciation and amortization

423


1.79


427


1.71


851


1.89


841


1.78

Operating income

3,447


14.61


3,886


15.57


6,100


13.57


7,173


15.16

Interest – net

317


1.34


341


1.36


669


1.49


689


1.45

Pre-tax earnings

3,130


13.27


3,545


14.21


5,431


12.08


6,484


13.71

Income tax provision

747


3.17


872


3.50


1,294


2.88


1,551


3.28

Net earnings

$    2,383


10.10


$    2,673


10.71


$    4,137


9.20


$    4,933


10.43

































Weighted average common shares outstanding –
     basic

568




584




570




590



Basic earnings per common share (1)

$      4.18




$      4.56




$      7.24




$      8.34



Weighted average common shares outstanding –
     diluted

570




585




571




591



Diluted earnings per common share (1)

$      4.17




$      4.56




$      7.23




$      8.32



Cash dividends per share

$      1.15




$      1.10




$      2.25




$      2.15



















Accumulated Deficit
















Balance at beginning of period

$  (15,188)




$  (15,310)




$  (15,637)




$  (14,862)



Net earnings

2,383




2,673




4,137




4,933



Cash dividends declared

(654)




(641)




(1,283)




(1,266)



Share repurchases

(883)




(2,063)




(1,559)




(4,146)



Balance at end of period

$  (14,342)




$  (15,341)




$  (14,342)




$  (15,341)





















(1)

Under the two-class method, earnings per share is calculated using net earnings allocable to common shares, which is derived by reducing net earnings by the earnings allocable to participating securities.  Net earnings allocable to common shares used in the basic and diluted earnings per share calculation were $2,377 million for the three months ended August 2, 2024, and $2,666 million for the three months ended August 4, 2023.  Net earnings allocable to common shares used in the basic and diluted earnings per share calculation were $4,127 million for the six months ended August 2, 2024, and $4,920 million for the six months ended August 4, 2023.

 

Lowe's Companies, Inc.

Consolidated Statements of Comprehensive Income (Unaudited)

In Millions, Except Percentage Data



Three Months Ended


Six Months Ended


August 2, 2024


August 4, 2023


August 2, 2024


August 4, 2023


Amount


% Sales


Amount


% Sales


Amount


% Sales


Amount


% Sales

Net earnings

$    2,383


10.10


$    2,673


10.71


$    4,137


9.20


$    4,933


10.43

Foreign currency translation adjustments – net
of tax



5


0.01




5


0.01

Cash flow hedges – net of tax

(3)


(0.01)


(3)


(0.01)


(6)


(0.01)


(6)


(0.02)

Other

2


0.01




1




Other comprehensive (loss)/income

(1)



2



(5)


(0.01)


(1)


(0.01)

Comprehensive income

$    2,382


10.10


$    2,675


10.71


$    4,132


9.19


$    4,932


10.42

















 

Lowe's Companies, Inc.

Consolidated Balance Sheets (Unaudited)

In Millions, Except Par Value Data









August 2, 2024


August 4, 2023

Assets





Current assets:





Cash and cash equivalents


$                        4,360


$                        3,494

Short-term investments


330


374

Merchandise inventory – net


16,841


17,422

Other current assets


806


946

Total current assets


22,337


22,236

Property, less accumulated depreciation


17,515


17,373

Operating lease right-of-use assets


3,819


3,650

Long-term investments


292


182

Deferred income taxes – net


184


230

Other assets


787


850

Total assets


$                      44,934


$                      44,521






Liabilities and shareholders' deficit





Current liabilities:





Current maturities of long-term debt


$                        1,290


$                           592

Current operating lease liabilities


552


534

Accounts payable


10,336


10,333

Accrued compensation and employee benefits


1,055


1,026

Deferred revenue


1,417


1,566

Other current liabilities


3,596


3,561

Total current liabilities


18,246


17,612

Long-term debt, excluding current maturities


34,659


35,839

Noncurrent operating lease liabilities


3,738


3,611

Deferred revenue – Lowe's protection plans


1,256


1,231

Other liabilities


798


960

Total liabilities


58,697


59,253






Shareholders' deficit:





Preferred stock, $5 par value: Authorized – 5.0 million shares; Issued and outstanding –
none



Common stock, $0.50 par value: Authorized – 5.6 billion shares; Issued and outstanding –
568 million and 582 million, respectively


284


291

Capital in excess of par value



12

Accumulated deficit


(14,342)


(15,341)

Accumulated other comprehensive income


295


306

Total shareholders' deficit


(13,763)


(14,732)

Total liabilities and shareholders' deficit


$                      44,934


$                      44,521






 

Lowe's Companies, Inc.

Consolidated Statements of Cash Flows (Unaudited)

In Millions



Six Months Ended


August 2, 2024


August 4, 2023

Cash flows from operating activities:




Net earnings

$                        4,137


$                        4,933

Adjustments to reconcile net earnings to net cash provided by operating activities:




Depreciation and amortization

967


941

Noncash lease expense

260


241

Deferred income taxes

66


23

(Gain)/loss on property and other assets – net

(4)


23

Gain on sale of business

(43)


(67)

Share-based payment expense

110


113

Changes in operating assets and liabilities:




Merchandise inventory – net

53


1,109

Other operating assets

129


224

Accounts payable

1,679


(191)

Other operating liabilities

61


(1,381)

Net cash provided by operating activities

7,415


5,968





Cash flows from investing activities:




Purchases of investments

(628)


(878)

Proceeds from sale/maturity of investments

571


811

Capital expenditures

(808)


(765)

Proceeds from sale of property and other long-term assets

22


17

Proceeds from sale of business

43


123

Other – net


(23)

Net cash used in investing activities

(800)


(715)





Cash flows from financing activities:




Net change in commercial paper


(499)

Net proceeds from issuance of debt


2,983

Repayment of debt

(47)


(45)

Proceeds from issuance of common stock under share-based payment plans

84


76

Cash dividend payments

(1,262)


(1,257)

Repurchases of common stock

(1,930)


(4,356)

Other – net

(21)


(9)

Net cash used in financing activities

(3,176)


(3,107)





Net increase in cash and cash equivalents

3,439


2,146

Cash and cash equivalents, beginning of period

921


1,348

Cash and cash equivalents, end of period

$                        4,360


$                        3,494





Lowe's Companies, Inc.
Non-GAAP Financial Measure Reconciliation (Unaudited)

To provide additional transparency, the Company has presented the non-GAAP financial measure of adjusted diluted earnings per share for the three months ended August 2, 2024.  This measure excludes the impact of a certain item, further described below, not contemplated in Lowe's Business Outlook to assist analysts and investors in understanding operational performance for the second quarter of fiscal 2024.

Fiscal 2024 Impacts

During fiscal 2024, the Company recognized financial impacts from the following, not contemplated in the Company's Business Outlook for fiscal 2024:

  • In the second quarter of fiscal 2024, the Company recognized pre-tax income of $43 million consisting of a realized gain on the contingent consideration associated with the fiscal 2022 sale of the Canadian retail business (Canadian retail business transaction).

Adjusted diluted earnings per share should not be considered an alternative to, or more meaningful indicator of, the Company's diluted earnings per share as prepared in accordance with GAAP.  The Company's methods of determining non-GAAP financial measures may differ from the method used by other companies and may not be comparable.

A reconciliation between the Company's GAAP and non-GAAP financial results is shown below and available on the Company's website at ir.lowes.com.


Three Months Ended


August 2, 2024


Pre-Tax
Earnings


Tax1


Net
Earnings

Diluted earnings per share, as reported





$       4.17

Non-GAAP adjustments per share impacts






Canadian retail business transaction

(0.07)



(0.07)

Adjusted diluted earnings per share





$       4.10


1   Represents the corresponding tax benefit or expense specifically related to the item excluded from adjusted diluted earnings per share.

 

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SOURCE Lowe's Companies, Inc.

FAQ

What was Lowe's (LOW) diluted EPS for Q2 2024?

Lowe's reported diluted EPS of $4.17 for Q2 2024, with adjusted diluted EPS of $4.10 excluding a gain from the Canadian retail business sale.

How did Lowe's (LOW) comparable sales perform in Q2 2024?

Lowe's comparable sales decreased by 5.1% in Q2 2024, driven by pressure in DIY discretionary spending and unfavorable weather impacting seasonal sales.

Did Lowe's (LOW) update its full year 2024 outlook?

Yes, Lowe's updated its full year 2024 outlook due to lower-than-expected DIY sales and a pressured macroeconomic environment.

How many stores did Lowe's (LOW) operate as of August 2, 2024?

As of August 2, 2024, Lowe's operated 1,746 stores, representing 194.9 million square feet of retail selling space.

Lowe's Companies Inc.

NYSE:LOW

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LOW Stock Data

158.38B
567.29M
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Home Improvement Retail
Retail-lumber & Other Building Materials Dealers
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United States of America
MOORESVILLE