Lowe’s (LOW) Q1 2024 Earnings: Key financials and quarterly highlights

Lowe’s Companies, Inc. (NYSE: LOW) reported first quarter 2024 earnings results today.

Total sales were $21.4 billion, compared to $22.3 billion in the prior-year period. Comparable sales decreased 4.1%.  

Net earnings were $1.8 billion, or $3.06 per share, compared to $2.2 billion, or $3.77 per share, last year.

Revenue and earnings beat estimates.  

For the full year of 2024, the company expects total sales of $84-85 billion and EPS of approx. $12.00-12.30. Comparable sales are expected to be down 2-3% from the previous year.

The stock was up over 2% in premarket hours on Tuesday.

Prior performance