LOWES COMPANIES INC
For the period ended May 1, 2026. Filed May 28, 2026.
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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.
May 1, 2026 · Filed May 28, 2026
LOW$232.10+3.4%Stored close · as of Nov 9, 2026
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Consolidated Statements of Earnings
Consolidated Statements of Earnings (Unaudited)
In Millions, Except Per Share and Percentage Data
| Three Months Ended | ||||
|---|---|---|---|---|
| May 1, 2026 | May 2, 2025 | |||
| Current Earnings | Amount | % Sales | Amount | % Sales |
| Net sales | $23,078 | 100.00% | $20,930 | 100.00% |
| Cost of sales | 15,535 | 67.32 | 13,944 | 66.62 |
| Gross margin | 7,543 | 32.68 | 6,986 | 33.38 |
| Expenses: | ||||
| Selling, general and administrative | 4,423 | 19.16 | 4,046 | 19.33 |
| Depreciation and amortization | 566 | 2.45 | 446 | 2.13 |
| Operating income | 2,554 | 11.07 | 2,494 | 11.92 |
| Interest – net | 399 | 1.73 | 337 | 1.61 |
| Pre-tax earnings | 2,155 | 9.34 | 2,157 | 10.31 |
| Income tax provision | 527 | 2.29 | 516 | 2.47 |
| Net earnings | $1,628 | 7.05% | $1,641 | 7.84% |
| Weighted average common shares outstanding - basic | 559 | 559 | ||
| Basic earnings per common share | $2.90 | $2.93 | ||
| Weighted average common shares outstanding - diluted | 560 | 560 | ||
| Diluted earnings per common share | $2.90 | $2.92 | ||
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