NYSE$LOW

Lowe's Companies Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported strong Q1 2021 results with sales growth and operating margin expansion.

Lowe's reported strong first quarter 2021 results, with a consolidated comparable sales increase of 25.9% and U.S. comparable sales increase of 24.4%. Diluted EPS was $3.21, and net earnings reached $2.3 billion.

  • Consolidated comparable sales increased by 25.9%.
  • U.S. comparable sales increased by 24.4%.
  • Diluted EPS reached $3.21.
  • Net earnings totaled $2.3 billion.

Headline financials

Total Revenue

$24.4B

Previous: $19.7B+24.1%
EPS (adj)

$3.21

Previous: $1.77+81.4%
Comparable Sales

25.9%

Previous: 11.2%+131.3%
Capital Expenditures

-$461M

Previous: -$328M-40.5%
Free Cash Flow

$1.86B

Previous: $1.01B+84.3%
Net Income

$2.32B

Previous: $1.34B+73.6%
Operating Income

$3.25B

Previous: $1.99B+63.0%
Gross Profit

$8.13B

Previous: $6.51B+24.8%
Cash & Equivalents

$6.69B

Previous: $5.96B+12.4%
Total Assets

$51.2B

Previous: $45.8B+11.7%
R&D Expense

$0.00

Previous: $0.00

Revenue & EPS history

Lowe's · Revenue · Quarterly

$24.4B

Q1 2021+24.1%vs Q1 2020
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

The company is tracking ahead of its previously provided Robust Market scenario and is confident in delivering strong results for the fiscal year, including continued market share gains and the achievement of a 12% operating margin. They also plan for $9 billion in share repurchases and $2 billion in capital expenditures in fiscal 2021.

Tailwinds

  • Continued market share gains
  • Achievement of a 12% operating margin
  • $9 billion in share repurchases planned
  • $2 billion in capital expenditures planned
  • Strong financial results in Q1 2021

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 2021

Historical avgQ1 2021

+0.4%

Avg return

Earnings day

+1.5%

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%-1.8%+1.3%
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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