Lowe's Companies, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended February 02, 2024
February 27, 2024 at 06:00 am EST
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Lowe's Companies, Inc. reported earnings results for the fourth quarter and full year ended February 02, 2024. For the fourth quarter, the company reported sales was USD 18,602 million compared to USD 22,445 million a year ago. Net income was USD 1,020 million compared to USD 957 million a year ago. Basic earnings per share from continuing operations was USD 1.77 compared to USD 1.58 a year ago. Diluted earnings per share from continuing operations was USD 1.77 compared to USD 1.58 a year ago.
For the full year, sales was USD 86,377 million compared to USD 97,059 million a year ago. Net income was USD 7,726 million compared to USD 6,437 million a year ago. Basic earnings per share from continuing operations was USD 13.23 compared to USD 10.2 a year ago. Diluted earnings per share from continuing operations was USD 13.2 compared to USD 10.17 a year ago.
Lowe's Companies, Inc. is No. 2 worldwide in retail distribution of residential renovation products. Net sales break down by family of products as follows:
- decorative products (35.3%): especially kitchen accessories, surface coatings products and paint;
- building materials, woodworking and general plumbing products, electrical equipment, hardware products, etc. (32.4%);
- lawn and garden and outdoor decoration (29.7%);
- others (2.6%).
As of 31/01/2022, products are marketed through a network of 1,971 outlets located in the United States (1,737) and Canada (234).
The United Statesaccounts for 93.9% of net sales.
LOWE'S COMPANIES, INC. 
