Lowe's Earnings Top Estimates Despite Pullback on Big-Ticket Spending
UPDATE—May 21, 2024: This article has been updated to reflect more recent share price information.
Lowe's Companies, Inc. (LOW) Q1 2024 Earnings Call Transcript
Lowe's Companies, Inc. (NYSE:LOW ) Q1 2024 Results Conference Call May 21, 2024 9:00 AM ET Company Participants Kate Pearlman - VP, IR & Treasurer Marvin Ellison - Chairman & CEO Bill Boltz - EVP, Merchandising Joe McFarland - EVP, Stores Brandon Sink - EVP & CFO Conference Call Participants Christian Carlino - JPMorgan Steven Forbes - Guggenheim Securities Simeon Gutman - Morgan Stanley Michael Lasser - UBS Greg Melich - Evercore ISI Seth Sigman - Barclays Peter Benedict - Baird Jonathan Matuszewski - Jefferies Operator Good morning, everyone. Welcome to Lowe's Companies First Quarter 2024 Earnings Conference Call.
Lowe's Targets Smaller Pros for Bigger B2B Growth
The home improvement sector is getting its affairs in order while eyeing a macro improvement. That's the news from home improvement retailer Lowe's, which cited softer demand and ongoing headwinds — including a slowdown in home sales, higher interest rates and a pullback in consumer spending — during a first-quarter 2024 earnings call Tuesday (May 21).
Lowe's Targets Smaller Pros for Bigger B2B Growth
The home improvement sector is getting its affairs in order while eyeing a macro improvement. That's the news from home improvement retailer Lowe's, which cited softer demand and ongoing headwinds — including a slowdown in home sales, higher interest rates and a pullback in consumer spending — during a first-quarter 2024 earnings call Tuesday (May 21).
Lowe's (LOW) Q1 Earnings Top Estimates, Comps Decline 4.1% Y/Y
Lowe's (LOW) first-quarter fiscal 2024 results reflect a reduction in Do-It-Yourself discretionary spending. Comparable sales for the quarter decline 4.1%.
Lowe's Companies Tracking to New Highs in 2024
Shares of Lowe's Companies NYSE: LOW corrected to critical support levels ahead of the Q1 release, setting up a buying opportunity confirmed in its aftermath. The results are not strong but highlight the differentiation between the company and its largest competitor, The Home Depot NYSE: HD, which trails in key spring segments.
Lowe's Companies Tracking to New Highs in 2024
Shares of Lowe's Companies NYSE: LOW corrected to critical support levels ahead of the Q1 release, setting up a buying opportunity confirmed in its aftermath. The results are not strong but highlight the differentiation between the company and its largest competitor, The Home Depot NYSE: HD, which trails in key spring segments.
Lowe's Stock Rises as Earnings Top Estimates Despite Pullback on Big-Ticket Spending
Lowe's (LOW) shares rose in pre-market trading Tuesday after the home-improvement retailer reported first-quarter earnings and revenue that beat analysts' estimates, despite declining from the year-ago period amid a pullback in home-improvement spending.
Lowe's Beats Q1 2024 Estimates: Time to Buy or Hold Off?
Earlier today, Lowe's Companies Inc. (NYSE:LOW) reported its Q1 2024 earnings, exceeding analysts' expectations for both revenue and EPS. The company achieved a non-GAAP EPS of $3.67, which was $0.71 above the estimates.
Lowe's (LOW) Surpasses Q1 Earnings and Revenue Estimates
Lowe's (LOW) came out with quarterly earnings of $3.06 per share, beating the Zacks Consensus Estimate of $2.94 per share. This compares to earnings of $3.67 per share a year ago.
Lowe's delivers earnings beat despite DIY decline
Lowe's Companies Inc climbed in Tuesday's pre-market trading after the retailer beat first-quarter expectations in results. Diluted earnings per share came in at US$3.06 for the three months to May, Lowe's reported on Tuesday, against market expectations for US$2.94.
Lowe's delivers earnings beat despite DIY decline
Lowe's Companies Inc climbed in Tuesday's pre-market trading after the retailer beat first-quarter expectations in results. Diluted earnings per share came in at US$3.06 for the three months to May, Lowe's reported on Tuesday, against market expectations for US$2.94.
