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Apr 30, 2021
Lowe's Q1 2021 Earnings Report
Reported strong Q1 2021 results with sales growth and operating margin expansion.
Key Takeaways
Lowe's reported strong first quarter 2021 results, with a consolidated comparable sales increase of 25.9% and U.S. comparable sales increase of 24.4%. Diluted EPS was $3.21, and net earnings reached $2.3 billion.
Consolidated comparable sales increased by 25.9%.
U.S. comparable sales increased by 24.4%.
Diluted EPS reached $3.21.
Net earnings totaled $2.3 billion.
Lowe's
Lowe's
Forward Guidance
The company is tracking ahead of its previously provided Robust Market scenario and is confident in delivering strong results for the fiscal year, including continued market share gains and the achievement of a 12% operating margin. They also plan for $9 billion in share repurchases and $2 billion in capital expenditures in fiscal 2021.
Positive Outlook
- Continued market share gains
- Achievement of a 12% operating margin
- $9 billion in share repurchases planned
- $2 billion in capital expenditures planned
- Strong financial results in Q1 2021