LOWES COMPANIES INC
For the period ended Feb 2, 2024. Filed Mar 25, 2024.
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FY2024 · Filed Mar 25, 2024
LOW$232.10+3.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Earnings
(In millions, except per share and percentage data)
| Fiscal Years Ended | ||||||||
|---|---|---|---|---|---|---|---|---|
| February 2, 2024 · February 3, 2023 · January 28, 2022 | ||||||||
| Current Earnings · Amount · % Sales · Amount · % Sales · Amount · % Sales | ||||||||
| Net sales | $86,377 | 100.00% | $97,059 | 100.00% | $96,250 | 100.00% | ||
| Cost of sales | 57,533 | 66.61 | 64,802 | 66.77 | 64,194 | 66.70 | ||
| Gross margin | 28,844 | 33.39 | 32,257 | 33.23 | 32,056 | 33.30 | ||
| Expenses: | ||||||||
| Selling, general and administrative | 15,570 | 18.02 | 20,332 | 20.94 | 18,301 | 19.01 | ||
| Depreciation and amortization | 1,717 | 1.99 | 1,766 | 1.82 | 1,662 | 1.73 | ||
| Operating income | 11,557 | 13.38 | 10,159 | 10.47 | 12,093 | 12.56 | ||
| Interest – net | 1,382 | 1.60 | 1,123 | 1.16 | 885 | 0.92 | ||
| Pre-tax earnings | 10,175 | 11.78 | 9,036 | 9.31 | 11,208 | 11.64 | ||
| Income tax provision | 2,449 | 2.83 | 2,599 | 2.68 | 2,766 | 2.87 | ||
| Net earnings | $7,726 | 8.95% | $6,437 | 6.63% | $8,442 | 8.77% | ||
| Basic earnings per common share | $13.23 | $10.20 | $12.07 | |||||
| Diluted earnings per common share | $13.20 | $10.17 | $12.04 | |||||
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