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Jul 31, 2020
Lowe's Q2 2020 Earnings Report
Reported strong second quarter results driven by consumer focus on home improvement and improved technology and operational platforms.
Key Takeaways
Lowe's reported net earnings of $2.8 billion and diluted earnings per share (EPS) of $3.74 for the quarter ended July 31, 2020. Sales for the second quarter were $27.3 billion, and comparable sales increased 34.2 percent.
U.S. Comparable Sales Increased 35.1%
Diluted EPS Increased 75% to $3.74
Adjusted Diluted EPS Increased 74% to $3.75
Lowes.com Sales Increased 135%
Lowe's
Lowe's
Forward Guidance
The Company withdrew 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.