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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
Lowe's Revenue by Geographic Location
Revenue by Geographic Location
U.S. Revenue
CapyFin.com 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.