NYSE$LOW
Lowe's Companies Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Lowe's reported better-than-expected results, driven by Pro growth and improved DIY sales trends.
Lowe's reported Q3 2022 results with total sales of $23.5 billion and diluted EPS of $0.25, which included a pre-tax non-cash asset impairment charge of $2.1 billion related to its Canadian retail business. Excluding the impairment charge, adjusted diluted EPS increased to $3.27. U.S. comparable sales increased 3.0%.
- U.S. Comparable Sales Increased 3.0%.
- Third Quarter Diluted EPS of $0.25; Adjusted Diluted EPS of $3.27.
- Total sales for the third quarter were $23.5 billion compared to $22.9 billion in the third quarter of 2021.
- Company is increasing its full year 2022 financial outlook reflecting stronger-than-expected operating results.
Headline financials
Revenue & EPS history
Lowe's · Revenue · Quarterly
$23.5B
Forward guidance
The company is increasing its full year 2022 financial outlook reflecting stronger-than-expected operating results.
Tailwinds
- Total sales of approximately $97 – $98 billion, including the 53rd week
- 53rd week expected to increase total sales by approximately $1.0 billion to $1.5 billion
- Comparable sales expected to be flat to down -1% as compared to prior year
- Gross margin rate up slightly compared to prior year
- Adjusted diluted earnings per share of $13.65 to $13.80 (previously $13.10 to $13.60)
Headwinds
- Depreciation and amortization of approximately $1.75 billion
- Adjusted operating income as a percentage of sales of 13.0%
- Interest expense of $1.1 to $1.2 billion
- Adjusted effective income tax rate of approximately 25%
- Capital expenditures of up to $2 billion
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 Q3 2022
+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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro