The home improvement market could use some improvement itself.That’s the latest from Lowe’s Companies Inc. During its second-quarter 2024 earnings call Tuesday (Aug. 20), the company revised its annual forecasts downward, citing a challenging macroeconomic environment dampening consumer spending on home improvement projects.As a result, and for the sixth straight quarter, Lowe’s posted a year-over-year sales decline.Total sales for the quarter were down 5.1% to $23.6 billion, compared to $25 billion a year ...

Lowe's Companies TodayLOWLowe's Companies$244.22 +1.01 (+0.42%) 52-Week Range$181.85▼$262.49Dividend Yield1.88%P/E Ratio19.62Price Target$250.19Add to WatchlistLowe’s Companies NYSE: LOW stock is in a holding pattern after the Q2 results revealed operational quality offset by a weakened sales outlook. The critical takeaway is that macroeconomic conditions impact sales while operational quality improves. As bad as the guidance seems, it’s not as bad as was feared, and the company is set up to gain leverage w ...

Key TakeawaysLowe's posted weaker-than-expected second quarter sales as discretionary spending on large home improvement projects was lower than the same time last year.Home Depot and Lowe's have been affected by a reduction in big-ticket spending in the home improvement sector as consumers deal with higher prices for essentials.Lowe's lowered its full-year outlooks for both sales and profit, citing the decline in DIY sales and a "pressured macroeconomic environment. Lowe's (LOW) reported weaker-than-expect ...

财务表现 - 第二季度净收入为23.6亿美元，每股摊薄收益为4.17美元，调整后每股摊薄收益为4.10美元[3] - 第二季度总销售额为236亿美元，同比下降5.1%，主要受到DIY大件商品消费疲软和不利天气影响[4] - 公司全年销售额预计为827-832亿美元，同比下降3.5%-4%，调整后营业利润率预计为12.4%-12.5%[10] - 调整后每股收益预计为11.70-11.90美元[10] - 资本支出预计约20亿美元[10] - 公司二季度调整后每股摊薄收益为4.10美元[31] - 公司二季度每股摊薄收益为4.17美元[31] - 公司二季度确认了43百万美元的加拿大零售业务交易相关的收益[29] 业务发展 - 公司继续推进"全屋战略"，专业客户同店销售实现中个位数增长[5] - 公司表示将继续进行长期投资以在市场复苏时获得更多份额[5] 股东回报 - 公司在本季度回购了440万股，派发了6.29亿美元股息[6] - 公司表示将继续专注于为股东创造长期可持续价值[6] 财务状况 - 公司总资产为44,934百万美元[23] - 公司总负债为58,697百万美元[23] - 公司总股东权益为-13,763百万美元[23] - 公司现金及现金等价物为4,360百万美元[27] - 公司营业活动产生的现金流量净额为5,968百万美元[24] - 公司投资活动产生的现金流量净额为-800百万美元[25] - 公司筹资活动产生的现金流量净额为-3,176百万美元[26] 其他 - 公司在2022年出售加拿大零售业务获得4300万美元税前收益[3]

Lowe's (LOW) came out with quarterly earnings of $4.10 per share, beating the Zacks Consensus Estimate of $3.96 per share. This compares to earnings of $4.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.54%. A quarter ago, it was expected that this home improvement retailer would post earnings of $2.94 per share when it actually produced earnings of $3.06, delivering a surprise of 4.08%.Over the last four quarters, the co ...

Lowe's on Tuesday cut its full-year forecast, as the home improvement retailer's quarterly sales declined and it said it expects spending on do-it-yourself projects to weaken.The company said it now expects total sales of between $82.7 to $83.2 billion for the full year, compared with the $84 billion to $85 billion that it previously expected. It said it expects comparable sales to fall by 3.5% to 4%, compared to its prior forecast of a decline of 2% to 3%. It anticipates adjusted earnings per share will be ...

— Diluted EPS of $4.17; Adjusted Diluted EPS1 of $4.10 —— Comparable Sales Decreased 5.1% — — Updates Full Year 2024 Outlook —MOORESVILLE, N.C., Aug. 20, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $2.4 billion and diluted earnings per share (EPS) of $4.17 for the quarter ended Aug. 2, 2024, compared to diluted EPS of $4.56 in the second quarter of 2023. During the second quarter, the Company recognized a $43 million pre-tax gain associated with the 2022 sale of th ...

Lowe's Companies, Inc. LOW is set to release earnings results for its second quarter, before the opening bell on Tuesday, Aug. 20.Analysts expect the Mooresville, North Carolina-based company to report quarterly earnings at $3.97 per share, down from $4.56 per share in the year-ago period. Lowe's projects to report quarterly revenue of $23.91 billion for the quarter, according to data from Benzinga Pro.On Aug. 14, Telsey Advisory Group analyst Joseph Feldman maintained Lowe’s Companies with a Market Perform ...

CHINA - 2024/07/27: In this photo illustration, Lowe's logo is displayed on a smartphone with a ... [+] laptop keyboard background. (Photo Illustration by Serene Lee/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesLowe’s (NYSE: LOW), a home-improvement retailer, is scheduled to report its fiscal second-quarter results on Tuesday, August 20. We expect the company’s stock to likely see little to no movement with revenue and earnings matching market expectations in the fiscal s ...

Lowe’s Companies, Inc. LOW is set to release earnings results for its second quarter, before the opening bell on Tuesday, Aug. 20.Analysts expect the Mooresville, North Carolina-based company to report quarterly earnings at $3.97 per share, down from $4.56 per share in the year-ago period. Lowe’s projects to report quarterly revenue of $23.91 billion for the quarter, according to data from Benzinga Pro.With the recent buzz around Lowe’s, some investors may be eyeing potential gains from the company's divide ...