NYSE$LOW

Lowe's Companies Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Lowe's reported strong sales and earnings results, driven by increased demand and effective execution of its retail fundamentals strategy.

Lowe's Companies, Inc. reported net earnings of $1.3 billion and diluted earnings per share (EPS) of $1.76 for the quarter ended May 1, 2020. Sales for the first quarter were $19.7 billion, and comparable sales increased 11.2 percent. The U.S. comparable sales increased 12.3 percent.

  • U.S. Comparable Sales Increased 12.3%
  • Diluted EPS Increased 35% to $1.76
  • Adjusted Diluted EPS Increased 45% to $1.77
  • Company Invested $340 Million to Support Associates and Communities in Response to COVID-19

Headline financials

Total Revenue

$19.7B

Previous: $17.7B+10.9%
EPS (adj)

$1.77

Previous: $1.22+45.1%
Comparable Sales

11.2%

No prior period
Capital Expenditures

-$328M

Previous: -$205M-60.0%
Free Cash Flow

$1.01B

Previous: $841M+20.0%
Net Income

$1.34B

Previous: $1.05B+27.8%
Operating Income

$1.99B

Previous: $1.42B+40.5%
Gross Profit

$6.51B

Previous: $5.58B+16.7%
Cash & Equivalents

$5.96B

Previous: $2.97B+100.3%
Total Assets

$45.8B

Previous: $43.2B+6.0%
R&D Expense

$0.00

Previous: $0.00

Revenue & EPS history

Lowe's · Revenue · Quarterly

$19.7B

Q1 2020+10.9%vs Q1 2019
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

The Company is withdrawing its financial guidance for fiscal year 2020 due to limited visibility into future business trends in this unprecedented operating environment, which results in an unusually wide range of potential outcomes for 2020 financial performance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.4%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+1.7%

Avg return

30 days after

53%

35 / 66 earnings

Positive

+16.5%

Q4 2019

Best reaction

-6.5%

Q1 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.5%
Q4 2025-3.8%-7.7%-17.3%
Q3 2025+3.4%+4.2%+9.5%
Q2 2025+0.3%+1.0%+3.4%
Q1 2025-1.6%-4.4%-8.0%
Q4 2024+1.9%+1.6%-5.8%
Q3 2024-3.2%-2.6%-10.0%
Q3 2023+0.2%+3.0%+4.2%
Q2 2024-0.3%+2.8%+7.3%
Q1 2024-3.5%-6.1%-0.7%
Q1 2023-1.5%+0.5%-6.7%
Q4 2023+2.7%+1.6%+14.1%
Q2 2023+4.4%+2.5%-3.2%
Q4 2022+0.4%+5.5%+6.0%
Q3 2022-0.2%+0.7%-1.3%
Q2 2022+1.1%-1.9%-10.4%
Q1 2022-3.2%-4.0%-11.1%
Q4 2021-3.1%-9.7%-11.4%
Q3 2021+1.1%+3.1%+1.4%
Q2 2021+11.2%+13.1%+14.7%
Q1 2021+0.3%-1.1%-3.0%
Q4 2020+0.5%+6.8%+13.6%
Q3 2020-6.4%-3.9%+2.1%
Q2 2020+0.4%+4.9%+1.4%
Q1 2020+3.2%+4.6%+14.5%
Q4 2019+16.5%+31.1%+43.1%
Q3 2019+0.9%+2.9%+4.4%
Q2 2019-0.2%+2.2%-5.2%
Q1 2019+3.8%+3.7%+10.6%
Q4 2018+2.8%+5.6%+2.9%
Q3 2018-1.0%-0.9%+3.9%
Q2 2018-0.3%+0.8%+1.9%
Q1 2018+0.9%+2.7%-2.1%
Q4 2017-2.6%+0.6%-4.3%
Q3 2017-6.4%-2.8%+5.3%
Q2 2017+3.8%+5.2%+10.2%
Q1 2017-2.1%-1.0%-3.6%
Q4 2016-0.5%+0.1%+4.1%
Q3 2016-0.9%+1.6%+0.2%
Q2 2016-0.6%-1.3%-5.5%
Q1 2016-0.1%-0.4%-1.5%
Q4 2015+1.4%
Q3 2015-2.6%
Q2 2015-0.2%
Q1 2015+0.7%
Q4 2014-0.5%
Q3 2014+1.8%
Q2 2014+0.8%
Q1 2014+0.3%
Q4 2013+1.0%
Q3 2013+0.1%
Q2 2013+0.3%
Q1 2013-6.5%
Q4 2012+0.9%
Q3 2012-2.3%
Q2 2012-1.3%
Q1 2012+4.8%
Q4 2011-1.0%
Q3 2011+1.2%
Q2 2011-2.7%
Q1 2011-2.2%
Q4 2010+0.9%
Q3 2010+9.8%
Q2 2010+3.8%
Q1 2010+0.6%
Q4 2009-0.3%

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