Two Big Retailers Lifted Their Outlooks Today—With More Results on the Way
Some big retailers are feeling better about the end of the year.
Lowe's Companies, Inc. (LOW) Q3 2024 Earnings Call Transcript
Lowe's Companies, Inc. (NYSE:LOW ) Q3 2024 Results Conference Call November 19, 2024 9:00 AM ET Company Participants Kate Pearlman - Vice President, Investor Relations & Treasurer Marvin Ellison - Chairman & Chief Executive Officer Bill Boltz - Executive Vice President, Merchandising Joe McFarland - Executive Vice President, Stores Brandon Sink - Executive Vice President & Chief Financial Officer Conference Call Participants Peter Benedict - Baird Steven Forbes - Guggenheim Securities Simeon Gutman - Morgan Stanley Christopher Horvers - JPMorgan Eric Bosshard - Cleveland Research Karen Short - Melius Research Seth Sigman - Barclays Chuck Grom - Gordon Haskett Operator Good morning, everyone. Welcome to Lowe's Companies Third Quarter 2024 Earnings Conference Call.
Lowe's Q3 Earnings Beat, Comps Decline, FY24 Outlook Revised
Lowe's comparable sales for the third quarter fall 1.1%, showing an improvement from the 5.1% decline recorded in the preceding quarter.
Options Traders Blast Lowe's Stock After Earnings
Lowe's Companies Inc (NYSE:LOW) reported third-quarter adjusted earnings per share of $2.89 on revenue of $20.17 billion, both of which beat Wall Street's estimates And while the home improvement retailer also raised its outlook, it said it expects full-year sales to decline year over year, leading LOW 4.7% lower to trade at $259.02 at last glance.
Lowe's (LOW) Beats Q3 Earnings and Revenue Estimates
Lowe's (LOW) came out with quarterly earnings of $2.89 per share, beating the Zacks Consensus Estimate of $2.82 per share. This compares to earnings of $3.06 per share a year ago.
Lowe's Sales, Profit Top Estimates Despite Continued 'Big Ticket' Softness
Lowe's (LOW) reported third-quarter results Tuesday morning above analysts' expectations despite "continued softness" in big-ticket discretionary purchases.
Lowe's tops expectations after hurricanes drive home retail demand
Lowe's Companies Inc has unveiled expectation-beating results for the third quarter, driven by heightened demand in the wake of hurricanes Helene and Milton. Storm-related, professional and online sales over the three months to November offset soft demand for bigger-ticket DIY items, the home improvement retailer said Tuesday.
Lowe's Stock Falls After Earnings. Home-Improvement Demand Still Looks Weak.
Sales in the quarter decline 1.4% to $20.2 billion.
Lowe's earnings beat estimates and company raises guidance despite weakness in big-ticket items
Lowe's earnings beat estimates and company raises guidance despite weakness in big-ticket items
Lowe's beats on earnings and hikes guidance, but still expects sales to fall this year
Lowe's topped third-quarter earnings and revenue estimates on Tuesday. The home improvement retailer raised its outlook, but still expects full-year sales to decline from the prior year.
Lowe's raises annual same-store sales forecast on storm recovery spending boost
Home improvement retailer Lowe's Cos forecast a slower-than-expected drop in annual comparable sales on Tuesday as a pickup in hurricane-related demand and favorable weather boosted quarterly sales, even as big-ticket spending remained strained.
Lowe's Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Lowe's Companies, Inc. LOW will release earnings results for its third quarter, before the opening bell on Tuesday, Nov. 19.
