Categories AlphaGraphs, Consumer, Earnings
Earnings Infographic: Highlights of Lowe’s Companies (LOW) Q2 2022 results
Lowe’s Companies, Inc. (NYSE: LOW) has reported flat revenues for the second quarter of fiscal 2022. Comparable store sales of the home improvement chain decreased during the period.
At $27.5 billion, second-quarter revenues were broadly unchanged from the prior-year quarter. Total comparable store sales decreased 0.3%, while the U.S. home improvement comparable sales edged up 0.2%.
Net income dropped to $2.99 billion in the most recent quarter from $3.02 billion in the second quarter of 2021. On a per-share basis, however, earnings increased to $4.67 per share from $4.25 per share last year.
Check this space to read management/analysts’ comments on Lowe’s Q2 2022 results
“Our results in the first half were disproportionately impacted by our 75% DIY customer mix, which was partially offset by our double-digit Pro-growth for the ninth consecutive quarter. Despite continued macro uncertainty, we remain confident in the long-term strength of the home improvement market and our ability to take share,” 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
Infographic: How Starbucks (SBUX) performed in Q1 2023
Starbucks Corporation (NASDAQ: SBUX) reported first quarter 2023 earnings results today. Consolidated net revenues increased 8% year-over-year to $8.7 billion, in line with projections. Global comparable store sales increased
Earnings: Google parent Alphabet (GOOG, GOOGL) reports lower Q4 profit
Alphabet Inc. (NASDAQ: GOOGL, GOOG) on Thursday reported a 1% increase in fourth-quarter 2022 revenues, with strong contributions from the cloud business. The company, which owns the largest internet search
HOG Earnings: Key quarterly highlights from Harley-Davidson’s Q4 2022 financial results
Harley-Davidson, Inc. (NYSE: HOG) reported fourth quarter 2022 earnings results today. Revenue increased 12% year-over-year to $1.14 billion. Net income attributable to Harley-Davidson, Inc. rose 94% YoY to $42 million,