LOWES COMPANIES INC

For the period ended Aug 2, 2024. Filed Aug 29, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Aug 2, 2024 · Filed Aug 29, 2024

LOW$232.10+3.4%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Earnings

Consolidated Statements of Earnings (Unaudited)

In Millions, Except Per Share and Percentage Data

Three Months Ended · Six Months Ended
August 2, 2024 · August 4, 2023 · August 2, 2024 · August 4, 2023
Current Earnings · Amount · % Sales · Amount · % Sales · Amount · % Sales · Amount · % Sales
Net sales	$23,586	100.00%		$24,956	100.00%		$44,950	100.00%	$47,304	100.00%
Cost of sales	15,691	66.53		16,557	66.34		29,965	66.66	31,378	66.33
Gross margin	7,895	33.47		8,399	33.66		14,985	33.34	15,926	33.67
Expenses:
Selling, general and administrative	4,025	17.07		4,086	16.38		8,034	17.88	7,912	16.73
Depreciation and amortization	423	1.79		427	1.71		851	1.89	841	1.78
Operating income	3,447	14.61		3,886	15.57		6,100	13.57	7,173	15.16
Interest – net	317	1.34		341	1.36		669	1.49	689	1.45
Pre-tax earnings	3,130	13.27		3,545	14.21		5,431	12.08	6,484	13.71
Income tax provision	747	3.17		872	3.50		1,294	2.88	1,551	3.28
Net earnings	$2,383	10.10%		$2,673	10.71%		$4,137	9.20%	$4,933	10.43%
Weighted average common shares outstanding – basic	568		584			570		590
Basic earnings per common share	$4.18		$4.56			$7.24		$8.34
Weighted average common shares outstanding – diluted	570		585			571		591
Diluted earnings per common share	$4.17		$4.56			$7.23		$8.32

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.