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Aug 02, 2024
Lowe's Q2 2024 Earnings Report
Reported second quarter sales and earnings results with diluted EPS of $4.17 and adjusted diluted EPS of $4.10.
Key Takeaways
Lowe's reported net earnings of $2.4 billion and diluted earnings per share (EPS) of $4.17 for the quarter ended Aug. 2, 2024. Total sales for the quarter were $23.6 billion, with comparable sales decreasing by 5.1%.
Diluted EPS was $4.17; Adjusted Diluted EPS was $4.10.
Comparable Sales decreased 5.1%.
Company delivered strong operating performance and improved customer service.
Company is updating its outlook for the operating results of full year 2024.
Lowe's
Lowe's
Forward Guidance
Based on lower-than-expected DIY sales and a pressured macroeconomic environment, the company is updating its outlook for the operating results of full year 2024.