Lowe’s Companies, Inc. (NYSE: LOW) reported fourth quarter 2022 earnings results today.
Total sales were $22.4 billion compared to $21.3 billion in the same period last year. Comparable sales decreased 1.5%.
Net earnings were $957 million, or $1.58 per share, compared to $1.20 billion, or $1.78 per share, last year. Adjusted EPS was $2.28.
Earnings beat estimates while sales fell short.
For the full year of 2023, the company expects total sales of approx. $88-90 billion.