Home Depot earnings showed Wall Street with what to expect from Lowe's.
Same-store sales decline 4.1% year over year, narrower than the 5.5% drop expected by analysts. The retailer also sticks to its full-year guidance.
Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.8 billion and diluted earnings per share (EPS) of $3.06 for the quarter ended May 3, 2024, compared to diluted EPS of $3.77 in the first quarter of 2023, which included a gain associated with the 2022 sale of the Canadian retail business. Excluding this gain, first quarter 2023 adjusted diluted EPS1 was $3.67.