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May 01, 2020
Lowe's Q1 2020 Earnings Report
Lowe's reported strong sales and earnings results, driven by increased demand and effective execution of its retail fundamentals strategy.
Key Takeaways
Lowe's Companies, Inc. reported net earnings of $1.3 billion and diluted earnings per share (EPS) of $1.76 for the quarter ended May 1, 2020. Sales for the first quarter were $19.7 billion, and comparable sales increased 11.2 percent. The U.S. comparable sales increased 12.3 percent.
U.S. Comparable Sales Increased 12.3%
Diluted EPS Increased 35% to $1.76
Adjusted Diluted EPS Increased 45% to $1.77
Company Invested $340 Million to Support Associates and Communities in Response to COVID-19
Forward Guidance
The Company is withdrawing its financial guidance for fiscal year 2020 due to limited visibility into future business trends in this unprecedented operating environment, which results in an unusually wide range of potential outcomes for 2020 financial performance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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