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HomeMarketLowe’s (LOW) Q1 2024 Earnings: Key financials and quarterly highlights | AlphaStreet

Lowe’s (LOW) Q1 2024 Earnings: Key financials and quarterly highlights | AlphaStreet

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Lowe’s Firms, Inc. (NYSE: LOW) reported first quarter 2024 earnings outcomes right now.

Whole gross sales had been $21.4 billion, in comparison with $22.3 billion within the prior-year interval. Comparable gross sales decreased 4.1%.  

Web earnings had been $1.8 billion, or $3.06 per share, in comparison with $2.2 billion, or $3.77 per share, final yr.

Income and earnings beat estimates.  

For the total yr of 2024, the corporate expects whole gross sales of $84-85 billion and EPS of approx. $12.00-12.30. Comparable gross sales are anticipated to be down 2-3% from the earlier yr.

The inventory was up over 2% in premarket hours on Tuesday.

Prior efficiency

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