Categories AlphaGraphs, Consumer, Earnings
Earnings: Highlights of Lowe’s Companies (LOW) Q3 2022 results
Lowe’s Companies, Inc. (NYSE: LOW) has reported a modest increase in revenues for the third quarter of fiscal 2022. Comparable store sales of the home improvement chain increased during the period.
At $23.5 billion, third-quarter revenues were up 2% from the prior-year quarter. Total comparable store sales increased by 2.2%, while the U.S. home improvement comparable sales moved up by 3%.
Net income plunged to $154 million in the most recent quarter from $1.89 billion in the third quarter of 2021. On a per-share basis, earnings fell sharply to $0.25 per share from $2.73 per share last year.
Check this space to read management/analysts’ comments on quarterly results
“I am pleased that we are once again able to share the success of the company with our hard-working front-line associates, and I look forward to discussing our next chapter of growth at our Analyst & Investor Conference in December,” said Marvin Ellison, Lowe’s chief executive officer.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Next.e.GO Mobile has a unique, innovative production strategy: Chairman Ali Vezvaei
Next.e.GO Mobile SE is a manufacturer of electric vehicles for urban mobility, with a mission to provide convenient and cost-effective transportation solutions. Founded in Germany, Next.e.GO Mobile built its first
What to look for when Darden Restaurants (DRI) reports Q3 earnings
The American restaurant industry has almost returned to normal now, after months of disruption that made people stop eating out and choose home delivery. The companies are currently busy enhancing
Lennar Corp. (LEN): What is the homebuilder’s strategy in the current environment?
Shares of Lennar Corporation (NYSE: LEN) were down on Friday. The stock has gained 14% year-to-date and 12% over the past 12 months. The company delivered better-than-expected results for its
