财务数据和关键指标变化 - 第一季度销售额为214亿美元,同比下降4.1% [8] - 毛利率为33.2%,同比下降49个基点,主要受到供应链投资、春季促销活动和信用收入略有下降的影响,但部分被运输成本下降和生产效率提升抵消 [66] - 销售、一般及管理费用率为18.8%,同比下降137个基点,主要受到销售下降带来的规模效应以及去年有利法律结算的影响 [66] - 营业利润率为12.4%,同比下降201个基点 [66] - 每股收益为3.06美元 [63] 各条业务线数据和关键指标变化 - DIY大票项目销售持续受压,下降7.6% [83] - 专业客户销售同比增长,抵消了DIY大票项目的下降 [83] - 线上销售增长约1%,转化率提升抵消了大票DIY类别的下降 [64] 各个市场数据和关键指标变化 - 西部地区表现最佳,农村门店也是公司整体表现的高点 [156][157] - 专业客户销售在各地区均有强劲增长 [156] 公司战略和发展方向及行业竞争 - 公司继续执行"全屋策略",专业客户和线上销售增长良好 [9][14][19] - 推出DIY忠诚度计划"MyLowe's Rewards",旨在提高客户粘性和了解客户需求 [20][21][145][146] - 与梅西、MLS等体育赛事合作,拓展客户群 [23][24] - 行业整体需求仍受到利率上升、通胀压力和消费者偏好服务支出的影响 [25][26] 管理层对经营环境和未来前景的评论 - 短期内行业环境仍具挑战,但公司有信心在市场复苏时抓住机遇 [27][102][103][104][158][159] - 公司持续执行生产效率提升计划,为未来发展做好准备 [27][75] 问答环节重要的提问和回答 问题1 **Christian Carlino 提问** 询问毛利率变动的具体驱动因素以及全年毛利率走势 [78][79] **Brandon Sink 回答** - 第一季度毛利率下降主要受供应链投资、春季促销活动和信用收入下降的影响,但部分被运输成本下降和生产效率提升抵消 - 预计全年毛利率将保持稳定,下半年生产效率提升等因素将带来改善 [79][80][81][82] 问题2 **Simeon Gutman 提问** 询问公司对宏观环境和销售趋势的判断 [96][97][98][99] **Brandon Sink 和Marvin Ellison 回答** - 短期内行业需求仍受到利率上升、通胀等因素的影响,消费者谨慎 - 但公司有信心在市场复苏时抓住机遇,持续执行生产效率提升计划为未来发展做好准备 [97][98][99][102][103][104] 问题3 **Greg Melich 提问** 询问全年销售指引改善的驱动因素,是否主要来自客单价还是客流 [118][119][120][121] **Brandon Sink 回答** - 主要来自客流改善,预计全年客单价将保持相对稳定 - 下半年销售趋势改善主要是由于去年同期基数较低 [119][120][121]

The home improvement sector is getting its affairs in order while eyeing a macro improvement.That’s the news from home improvement retailer Lowe’s, which cited softer demand and ongoing headwinds — including a slowdown in home sales, higher interest rates and a pullback in consumer spending — during a first-quarter 2024 earnings call Tuesday (May 21).Still, the company beat Wall Street’s expectations for the quarter and stressed to investors that it was making investments into digital and omnichannel opport ...

Lowe’s Companies, Inc. (LOW) came up with first-quarter fiscal 2024 results, wherein the top and bottom lines beat the respective Zacks Consensus Estimate. However, the company experienced a year-over-year decline in both metrics. The reduction in Do-It-Yourself (DIY) big-ticket discretionary spending did hurt the company’s performance to an extent. However, favorable comparable sales in Pro and online helped mitigate the impact.This Mooresville, NC-based company implemented a new DIY loyalty program on a n ...

Key PointsLowe's had a decent quarter, outperforming expectations and reaffirming guidance. Cash flow remains solid and allows for repurchases and dividends while improving the balance sheet. Analysts are leading this market to a new high that may be reached before the end of the year. 5 stocks we like better than Lowe's CompaniesShares of Lowe’s Companies NYSE: LOW corrected to critical support levels ahead of the Q1 release, setting up a buying opportunity confirmed in its aftermath. The results are not s ...

Key TakeawaysLowe's shares rose in pre-market trading Tuesday after the retailer reported first-quarter earnings that beat analysts' estimates, despite declining from the year-ago period amid a pullback in home-improvement spending. The company said growth in digital sales and market share among professional contractors helped partially offset a continued slowdown in sales of big-ticket items.Lowe's affirmed its full year-guidance, projecting revenue and diluted earnings per share (EPS) roughly in line with ...

净利润和销售额 - Lowe's公司2024年第一季度净利润为18亿美元，每股稀释收益为3.06美元[1] - 本季度总销售额为214亿美元，同比下降4.1%[2] 公司业绩展望 - Lowe's公司确认2024年全年业绩展望，包括总销售额为840至850亿美元，每股稀释收益约为12.00至12.30美元[8] 股票回购 - 本季度公司回购约300万股股票，总额达7.43亿美元[4] 公司进展和市场份额 - Lowe's公司首席执行官Marvin R. Ellison表示，公司在DIY忠诚计划、同日送货选项和关键类别市场份额方面取得了进展[3] 调整后的每股稀释收益 - 调整后的每股稀释收益不应被视为公司按照GAAP准备的每股稀释收益的替代品或更有意义的指标[21] - 加拿大零售业务交易对每股影响为0.10美元，调整后的每股稀释收益为3.67美元[22]

Lowe's (LOW) came out with quarterly earnings of $3.06 per share, beating the Zacks Consensus Estimate of $2.94 per share. This compares to earnings of $3.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.08%. A quarter ago, it was expected that this home improvement retailer would post earnings of $1.68 per share when it actually produced earnings of $1.77, delivering a surprise of 5.36%.Over the last four quarters, the co ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

— Comparable Sales Decreased 4.1%; Diluted EPS of $3.06 —— Affirms Full Year 2024 Outlook —MOORESVILLE, N.C., May 21, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.8 billion and diluted earnings per share (EPS) of $3.06 for the quarter ended May 3, 2024, compared to diluted EPS of $3.77 in the first quarter of 2023, which included a gain associated with the 2022 sale of the Canadian retail business. Excluding this gain, first quarter 2023 adjusted diluted EPS1 was ...

Analyst Estimates for Q1 2024Q4 2023Q1 2023Revenue$21.12 billion$18.6 billion$22.35 billionDiluted EPS$2.93$1.77$3.77Net Income$1.68 billion$1.02 billion$2.26 billion Key Metric: Big-Ticket Spending Like Home Depot, Lowe's could mention a pullback in "big-ticket spending" in its report, as inflation-weary consumers have become less likely to take on significant home-improvement projects. "Macroeconomic factors like persistent inflation and a stagnant housing market continue to make DIY customers and cons ...