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Lowe's Companies (LOW)
NYSE:LOW
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Earnings Data
Report Date
Feb 26, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.82Last Year’s EPS
$1.77Same Quarter Last Year
Moderate Buy
Based on 26 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 19, 2024
|% Change Since: -8.85%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with notable challenges in the DIY segment impacting sales heavily, while expense management and strategic initiatives like the Pro segment and rural strategy provided some positive outcomes. The company showed resilience in margin management despite the sales decline.Company Guidance
During the Lowe's third-quarter 2023 earnings call, the company reported a 7.4% decline in comparable sales, primarily due to a significant pullback in DIY discretionary spending, particularly in big-ticket categories like appliances, which constitute 14% of Lowe's sales. Despite this, the Pro segment showed resilience, delivering positive sales comps. The company also saw a 46 basis point increase in operating margin, resulting in diluted earnings per share of $3.06. Inventory levels at the end of the quarter were down $2.3 billion year-over-year, reflecting alignment with sales trends. Lowe's updated its full-year financial outlook, anticipating approximately $86 billion in sales with a 5% decline in comparable sales and adjusted operating margin of around 13.3%. The company continues to focus on its perpetual productivity improvement initiatives (PPI) to drive efficiency and manage expenses in a challenging sales environment.Positive Pro Segment Performance
The Pro segment delivered positive sales comps despite a challenging macro environment, driven by repair and maintenance projects. Nearly 70% of PROs reported healthy project backlogs.
Operating Margin Improvement
Operating margin rate improved by 46 basis points compared to the prior year, demonstrating effective expense management.
Rural Strategy Success
Rural stores are performing significantly above the company average, leading to exploration of expanding the rural assortment beyond the original 300 designated stores.
Inventory Management
Inventory ended the quarter at $17.5 billion, down $2.3 billion compared to Q3 of last year, aligning inventory purchases with sales.
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LOW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LOW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 19, 2024 | $271.77 | $259.26 | -4.60% |
| Aug 20, 2024 | $242.18 | $239.31 | -1.19% |
| May 21, 2024 | $227.10 | $222.83 | -1.88% |
| Feb 27, 2024 | $228.14 | $232.15 | +1.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lowe's Companies (LOW) report earnings?
Lowe's Companies (LOW) is schdueled to report earning on Feb 26, 2025, Before Open Not Confirmed.
What is Lowe's Companies (LOW) earnings time?
Lowe's Companies (LOW) earnings time is at Feb 26, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LOW EPS forecast?
LOW EPS forecast for the fiscal quarter 2024 (Q4) is $1.82.
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