Lowe’s Companies, Inc. (NYSE: LOW) reported third quarter 2023 earnings results today.
Net sales were $20.5 billion compared to $23.5 billion in the same period a year ago. Comparable sales decreased 7.4%.
GAAP net earnings were $1.7 billion, or $3.06 per share, compared to $154 million, or $0.25 per share, last year.
Earnings beat expectations while sales fell short. The retailer also lowered its full-year guidance.
For the full year of 2023, the company expects total sales of approx. $86 billion and adjusted EPS of approx. $13. Comparable sales are expected to be down approx. 5%.
The stock was down 4% in premarket hours on Tuesday.
Prior performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
