Lowe`s Companies Inc
- Lowe's Companies declined 2.2% to $266.0 after the home improvement retailer reported better-than-expected quarterly results, but the company's negative outlook dampened investor sentiment.
Net sales in the third quarter declined to $20.17 billion from $20.47 billion, and net income declined to $1.69 billion from $1.77 billion, and diluted earnings per share fell to $2.99 from $3.05 a year earlier.
During the quarter, the company repurchased approximately 2.9 million shares for $758 million, and it paid $654 million in dividends.
The company estimated total annual sales in the fiscal year 2024 to range between $83 billion and $83.5 billion, compared to its previous range between $82.7 billion and $83.2 billion.
Comparable same-store sales are estimated to decline between 3% and 3.5%, compared to the previous estimate of a decline between 3.5% and 4.0%.
Nov 19, 2024 - Lowe's Companies decreased 1.8% to $225.04 after the home improvement retailer said comparable store sales declined 4.1% in the first quarter.
The retailer reported better-than-expected quarterly results.
Total sales in the first quarter declined to $21.4 billion from $22.3 billion, net income dropped to $1.8 billion from $2.26 billion, and diluted earnings per share declined to $3.06 from $3.77 a year ago.
Earnings in the quarter a year ago included gains from the sale of Canadian retail operations; after adjusting for the sale, earnings were $3.67 a share.
The retailer declared a dividend of $1.10, compared to $1.05 a year ago.
The company estimated annual sales between $84 billion and $85 billion, comparable sales to fall between 2% and 3%, and diluted earnings per share between $12.0 and $12.30.
May 21, 2024 - Lowe's Companies decreased 0.6% to $230.01 after the home improvement retailer reported better-than-expected fourth-quarter results.
Revenue in the fourth quarter declined to $18.6 billion from $22.4 billion, net income increased to $1.02 billion from $957 million, and diluted earnings per share rose to $1.77 from $1.58 a year ago.
Prior-year quarterly sales included approximately $1.4 billion from the additional 53rd week, as well as $958 million generated from the sale of its Canadian retail business.
Comparable sales for the quarter decreased 6.2% due to a slowdown in home renovation demand and unfavorable January winter weather, while pro-customer comparable sales were flat for the quarter.
The retailer also estimated full-year revenue in the current fiscal year to decline between $84 billion and $85 billion, from $86.4 billion in the fiscal year 2023.
During the quarter, the company repurchased approximately 1.9 million shares for $404 million, and it repurchased 29.9 million shares for $6.3 billion in the year.
The company also paid $633 million in dividends in the fourth quarter and $2.5 billion in dividends for the year.
In total, the company returned $8.9 billion to shareholders through share repurchases and dividends in the fiscal year 2023.
Feb 27, 2024 - Lowe's Companies dropped 5.3% to $193.59 after the home improvement retailer lowered its full-year sales and earnings outlook.
Net sales in the third quarter declined to $20.5 billion from $23.5 billion, net income soared to $1.8 billion from $154 million, and diluted earnings per share rose to $3.06 from 25 cents a year ago.
Earnings in the prior year included an impairment charge of $2.1 billion after the company sold its Canadian retail business.
During the quarter, the company repurchased approximately 7.3 million shares for $1.6 billion and paid $642 million in dividends.
Comparable sales in the quarter declined 7.4% after the pandemic-fueled demand for home improvement projects moderated.
The company lowered its full-year 52-week sales estimate to $86 billion from the previous estimate range of $87 billion to $89 billion.
Comparable sales are expected to decline 5% from the previously estimated range of 2% to 4%.
The company also lowered its adjusted diluted earnings per share estimate to $13.0 from the previous estimate between $13.20 and $13.60.
Nov 21, 2023 - Lowe's Companies Inc increased 3.6% to $225.74 after the home improvement retailer reiterated its full-year outlook.
Revenue in the quarter ending on August 4 declined to $24.96 billion from $27.5 billion and net income decreased to $2.67 billion from $2.88 billion and diluted earnings per share fell to $4.56 from $4.68 a year earlier.
Aug 22, 2023
| Year | May | Aug | Nov | Feb | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 1.74 | 3.77 | 4.56 | 3.06 | - | |
| 2022 | 1.85 | 3.51 | 4.67 | 0.25 | 10.17 | |
| 2021 | 1.34 | 3.21 | 4.25 | 2.73 | 12.04 | |
| 2020 | 0.68 | 1.76 | 3.74 | 0.91 | 7.75 | |
| 2019 | -0.99 | 1.31 | 2.14 | 1.36 | 5.49 | |
| 2018 | 0.66 | 1.19 | 1.86 | 0.78 | 2.84 | |
| 2017 | 0.86 | 1.03 | 1.57 | 1.05 | 4.51 | |
| 2016 | 0.59 | 0.87 | 1.37 | 0.88 | 3.71 | |
| 2015 | 0.46 | 0.70 | 1.20 | 0.80 | 3.16 | |
| 2014 | 0.61 | 1.04 | 0.59 | 0.30 | 2.14 | |
| 2013 | 0.49 | 0.88 | 0.47 | 0.27 | 1.69 | |
| 2012 | 0.43 | 0.64 | 0.35 | 0.27 | 1.43 | |
| 2011 | 0.34 | 0.64 | 0.18 | 0.21 | 1.42 | |
| 2010 | 0.34 | 0.58 | 0.29 | 0.15 | 1.21 | |
| 2009 | 0.32 | 0.51 | 0.23 | 0.12 | 1.49 | |
| 2008 | 0.41 | 0.63 | 0.33 | 0.28 | 1.86 | |
| 2007 | 0.48 | 0.67 | 0.43 | 0.40 | 1.99 | |
| 2006 | 0.53 | 0.60 | 0.46 | 0.45 | 1.73 | |
| 2005 | 0.37 | 0.52 | 0.40 | 0.31 | 1.35 |