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
PG Earnings: Procter & Gamble Q3 profit climbs, beats estimates
Consumer goods behemoth The Procter & Gamble Company (NYSE: PG) announced financial results for the third quarter of 2024, reporting a double-digit growth in net profit. Sales rose modestly. Core
AXP Earnings: All you need to know about American Express’ Q1 2024 earnings results
American Express Company (NYSE: AXP) reported its first quarter 2024 earnings results today. Consolidated total revenues, net of interest expense, increased 11% year-over-year to $15.8 billion, driven mainly by higher
Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers
Streaming giant Netflix, Inc. (NASDAQ: NFLX) Thursday reported a sharp increase in net profit for the first quarter of 2024. Revenues were up 15% year-over-year. Both numbers exceeded Wall Street's