Lowe’s Companies, Inc. (NYSE: LOW) reported its third quarter 2024 earnings results today.
Total sales were $20.2 billion, compared to $20.5 billion in the prior-year quarter. Comparable sales decreased 1.1%.
Net earnings were $1.69 billion, or $2.99 per share, compared to $1.77 billion, or $3.06 per share, last year. Adjusted EPS was $2.89.
Revenue and earnings beat expectations.
Lowe’s updated its guidance for the full year of 2024. The company now expects total sales of $83.0-83.5 billion. Comparable sales are now expected to be down 3.0-3.5% from last year. Adjusted EPS is expected to be approx. $11.80-11.90.
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The stock fell 2% in premarket hours on Tuesday.
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