Lowe’s Non-GAAP EPS of $4.10 beats by $0.10, revenue of $23.59B misses by $370M
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Contributor since / Followers
Contributor since / Followers
3 months ago
- Lowe’s press release (NYSE:LOW): Q2 Non-GAAP EPS of $4.10 beats by $0.10.
- Revenue of $23.59B (-5.5% Y/Y) misses by $370M.
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Full Year 2024 Outlook
- Total sales of $82.7 to $83.2 billion (previously $84 to $85 billion).
- Comparable sales expected to be down -3.5 to -4.0% as compared to prior year (previously down -2 to -3%).
- Adjusted operating income as a percentage of sales (adjusted operating margin) of 12.4 to 12.5% (previously 12.6 to 12.7%).
- Net interest expense of approximately $1.4 billion.
- Adjusted effective income tax rate of approximately 24.5% (previously 25%).
- Adjusted diluted earnings per share of approximately $11.70 to $11.90 (previously $12.00 to $12.30).
- Capital expenditures of approximately $2 billion.