Lowe's Cos. (LOW) Tops Q4 EPS by 7c, Revenues Miss; Guides FY23

Lowe's Cos. (NYSE: LOW) reported Q4 EPS of $2.28, $0.07 better than the analyst estimate of $2.21. Revenue for the quarter came in at $22.4 billion versus the consensus estimate of $22.73 billion. U.S. Comparable Sales Decreased 0.7%.

GUIDANCE:

Lowe's Cos. sees FY2024 EPS of $13.60-$14.00, versus the consensus of $13.79. Lowe's Cos. sees FY2024 revenue of $88-90 billion, versus the consensus of $90.48 billion. Comparable sales expected to be flat to down -2% as compared to prior year.

For earnings history and earnings-related data on Lowe's Cos. (LOW) click here.

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