Lowe’s Companies, Inc. (NYSE: LOW) reported fourth quarter 2023 earnings results today.
Total sales were $18.6 billion compared to $22.4 billion in the same period last year. Comparable sales decreased 6.2%.
Net earnings were $1 billion, or $1.77 per share, compared to $957 million, or $1.58 per share, last year.
Revenue and earnings beat expectations, sending the stock up over 1% in premarket hours on Tuesday.
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% versus last year.
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