LOWES COMPANIES INC

For the period ended Nov 1, 2024. Filed Nov 27, 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.

Nov 1, 2024 · Filed Nov 27, 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 · Nine Months Ended
November 1, 2024 · November 3, 2023 · November 1, 2024 · November 3, 2023
Current Earnings · Amount · % Sales · Amount · % Sales · Amount · % Sales · Amount · % Sales
Net sales	$20,170	100.00%		$20,471	100.00%		$65,120	100.00%	$67,775	100.00%
Cost of sales	13,374	66.31		13,580	66.34		43,340	66.55	44,958	66.33
Gross margin	6,796	33.69		6,891	33.66		21,780	33.45	22,817	33.67
Expenses:
Selling, general and administrative	3,827	18.97		3,761	18.37		11,860	18.22	11,673	17.23
Depreciation and amortization	433	2.15		434	2.12		1,284	1.97	1,275	1.88
Operating income	2,536	12.57		2,696	13.17		8,636	13.26	9,869	14.56
Interest – net	317	1.57		345	1.68		985	1.51	1,033	1.52
Pre-tax earnings	2,219	11.00		2,351	11.49		7,651	11.75	8,836	13.04
Income tax provision	524	2.59		578	2.83		1,818	2.79	2,130	3.14
Net earnings	$1,695	8.41%		$1,773	8.66%		$5,833	8.96%	$6,706	9.90%
Weighted average common shares outstanding – basic	565		576			568		585
Basic earnings per common share	$2.99		$3.07			$10.24		$11.43
Weighted average common shares outstanding – diluted	566		577			569		587
Diluted earnings per common share	$2.99		$3.06			$10.22		$11.40

ContentsView on SEC.gov

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