Categories AlphaGraphs, Earnings, Retail

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

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

Micron Earnings Preview: Recovery likely to continue as demand bounces back

Micron Technology Inc. (NASDAQ: MU), a market leader in memory and flash storage chips, emerged from a losing streak in the most recent quarter and reported a profit. The recovery

After mixed Q4, Darden Restaurants stays focused on profitable sales growth

Darden Restaurants, Inc. (NYSE: DRI), which owns popular restaurant brands Olive Garden and LongHorn Steakhouse, has reported stronger-than-expected fourth-quarter results, sending the stock higher soon after the announcement. Contributions from

What to expect when McCormick & Company (MKC) reports Q2 2024 earnings results

Shares of McCormick & Company, Incorporated (NYSE: MKC) stayed green on Friday. The stock has dropped 4% over the past one month. The spices and condiments maker is scheduled to report

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top