Lowe's and the Gable Mansard Design are registered trademarks of LF, LLC. The conference call will be available by webcast and can be accessed by visiting Lowe's website at www.Lowes.com/investor and clicking on Lowe's First Quarter 2020 Earnings Conference Call Webcast. Supplemental slides will be available approximately 15 minutes prior to the start of the conference call. The Company's methods of determining non-GAAP financial measures may differ from the method used by other companies for this or similar non-GAAP financial measures. And during the hours that our stores were open, we implemented significant operational changes to best facilitate social distancing," added Mr. Ellison.      including cash classified within current assets held for sale, Less: Net decrease in cash classified within current The Home Depot reported a 20% year-over-year increase in online sales for its fiscal quarter ending Aug. 4, while Lowe’s reported a 4% increase in ecommerce sales for its fiscal second quarter ending Aug. 2 compared the same period last … Net earnings allocable to common shares used in the basic and diluted earnings per share calculation were $1,333 million for the three months ended May 1, 2020 and $1,043 million for the three months ended May 3, 2019. Earnings, adjusted to extinguish debt and for restructuring costs, came to $1.98 per share.The results beat Wall Street expectations. Lowe’s has also been concentrating on its appliance sales for a while. Story. First quarter adjusted diluted EPS of $1.77 was 45 percent higher … Adjustments to reconcile net earnings to net cash provided by operating activities: Loss (gain) on property and other assets – net. Lowe’s reported robust third-quarter fiscal 2020 results, wherein both earnings and sales have outpaced the Zacks Consensus Estimate and have grown year over year. ATLANTA, Aug. 20, 2019 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today reported sales of $30.8 billion for the second quarter of fiscal 2019, a 1.2 percent increase from the second quarter of fiscal 2018. The average estimate of … Hired more than 100,000 front-line associates for spring season, Donated all available respirators to the country's two largest healthcare distribution organizations, Empowered all Lowe's stores to donate products to local hospitals and first responders in their communities to serve short and long-term needs, Supported communities through longstanding nonprofit partnerships, including Habitat for Humanity, Boys & Girls Clubs, Building Homes for Heroes, USO, American Red Cross, SkillsUSA and Reach Out Worldwide, Beginning in the third quarter of fiscal 2019, the Company began a strategic review of its Canadian operations, and in the fourth quarter of fiscal 2019, the Company announced additional actions to improve future performance and profitability of its Canadian operations. Lowe's Companies, Inc. LOW is scheduled to report first-quarter fiscal 2020 numbers on May 20, before the opening bell. Lowe's Reports First Quarter 2020 Sales And Earnings Results-- U.S. Solved! These operations included 1,728 stores located across 50 … Our highest priority remains the health and safety of our associates and community, and we have demonstrated that commitment in the first quarter through an investment of $340 million, including support for healthcare workers and first responders," commented Marvin R. Ellison, Lowe's president and CEO. Capital Allocation Disclosure Regarding Forward-Looking Statements All rights reserved. "To assist other retailers in operating safely in this exceptionally challenging environment, we shared our best practices with the Retail Industry Leaders Association and any other retailer who is interested.". "I am tremendously proud of our associates and how they rose to meet the challenges of this global health crisis, and have continued to serve their communities, providing our customers with the essential products and services they need to keep their homes safe and functional, and their businesses running. Lowe's Business Outlook. Comparable sales for the U.S. home improvement business increased 12.3 percent for the first quarter.      assets held for sale, Net increase in cash and cash equivalents, Cash and cash equivalents, beginning of period, Lowe's Companies, Inc. Comparable sales for the second quarter of fiscal 2019 were positive 3.0 The Company believes this non-GAAP financial measure provides useful insight for analysts and investors in evaluating the Company's operational performance. Lowe’s (LOW), the world’s second-largest home improvement retailer, reported earnings for the fourth quarter and full-year fiscal 2016 on February 24. Can anyone help me provide the lines I would add to the above formula to achieve this? Comparable sales for the fourth quarter of fiscal 2018 were positive 3.2 You have not selected location from suggestion drop down: Please select correct location from suggestion box, Lowe's Reports First Quarter 2020 Sales And Earnings Results, Under the two-class method, earnings per share is calculated using net earnings allocable to common shares, which is derived by reducing net earnings by the earnings allocable to participating securities. Subscribe to receive our investor relations email alerts. The Company repurchased 9.6 million shares for $947 million under its share repurchase program, and paid $420 million in dividends in the first quarter. "In late February, we shifted our priorities in response to the COVID-19 pandemic, and immediately focused on how best to serve the needs of our communities during this unprecedented time. Chris. Thank you in advance! With respect to acquisitions and dispositions, potential risks include the effect of such transactions on Lowe's and the target company's or operating business's strategic relationships, operating results and businesses generally; our ability to integrate or divest personnel, labor models, financial, IT and other systems successfully; disruption of our ongoing business and distraction of management; hiring additional management and other critical personnel; increasing or decreasing the scope, geographic diversity and complexity of our operations; significant integration or disposition costs or unknown liabilities; and failure to realize the expected benefits of the transaction. The retailer cuts its forecast for the year. Lowe's said its second-quarter revenue surged 30% as ... allowing it to blow past Wall Street forecasts with a 30% surge in revenue and 68.7% jump in profit during the fiscal second quarter. Earnings, adjusted to extinguish debt and for restructuring costs, came to $1.98 per share.The results beat Wall Street expectations. Lowe's (LOW) third-quarter fiscal 2019 results are expected to reflect strength in the Pro business and gains from other sales growth initiatives. MOORESVILLE, N.C., May 20, 2020 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.3 billion and diluted earnings per share (EPS) of $1.76 for the quarter ended May 1, 2020, compared to a net earnings of $1.0 billion and diluted EPS of $1.31 in the first quarter of 2019. As of May 1, 2020, Lowe's operated 1,970 home improvement and hardware stores in the United States and Canada representing 207.8 million square feet of retail selling space. In addition, we could experience impairment losses and other charges if either the actual results of our operating stores are not consistent with the assumptions and judgments we have made in estimating future cash flows and determining asset fair values, or we are required to reduce the carrying amount of our investment in certain unconsolidated entities. Changes in operating assets and liabilities: Net cash provided by operating activities, Proceeds from sale/maturity of investments, Proceeds from sale of property and other long-term assets, Proceeds from issuance of common stock under share-based payment plans, Net cash provided by financing activities, Net increase in cash and cash equivalents, The foregoing list of important factors that may affect future results is not exhaustive. The Mooresville, North Carolina-based company said it had net income of $1.76 per share. close. Earnings, adjusted to extinguish debt and for restructuring costs, came to $1.98 per share. The results beat Wall Street expectations. Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 18 million customers a week in the United States and Canada.With fiscal year 2019 sales of $72.1 billion, Lowe's and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ approximately 300,000 associates. The forward-looking statements contained in this news release are expressly qualified in their entirety by the foregoing cautionary statements. What spooked the market a bit was Lowe's outlook for the fourth quarter, ... and bought back 3.6 million shares at an average price of about $170 apiece in its fiscal third quarter. Forward-looking statements include, but are not limited to, statements about future financial and operating results, Lowe's plans, objectives, business outlook, priorities, expectations and intentions, expectations for sales growth, comparable sales, earnings and performance, shareholder value, capital expenditures, cash flows, the housing market, the home improvement industry, demand for services, share repurchases, Lowe's strategic initiatives, including those relating to acquisitions and dispositions by Lowe's and the expected impact of such transactions on our strategic and operational plans and financial results, and any statement of an assumption underlying any of the foregoing and other statements that are not historical facts. Lowe's fourth-quarter sales, outlook for fiscal 2020 fall short of estimates Published Wed, Feb 26 2020 6:12 AM EST Updated Wed, Feb 26 2020 11:09 AM EST Melissa Repko @melissa_repko Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $692 million and diluted earnings per share (EPS) of $0.91 for the quarter ended October 30, 2020, which included a … Lowe's same-store sales increased 3.5% in the first-quarter, topping estimates of 3.2%. The Mooresville, North Carolina-based company said it had profit of 91 cents per share. Block Link Title. I am also pleased with our ability to pivot to serve increased online demand with Lowes.com sales increasing 80% in the quarter," concluded Ellison. The results surpassed Wall Street expectations. Lowe's Companies, Inc. Fiscal 2020 Impacts As a result of this review and related actions, in the first quarter of fiscal 2020, the Company recognized, Prior to the beginning of fiscal 2019, the Company announced its intention to exit its. For fiscal 2020, the Company has recognized financial impacts from the following discrete items, not contemplated in the Company's Business Outlook for the first quarter of fiscal 2020: Fiscal 2019 Impacts The company has updated its Fiscal Year 2019 Business Outlook to reflect the impact of the gross margin contraction identified in the first quarter. For more information, visit Lowes.com. Display Date. Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE(R) 50 home improvement company serving approximately 18 million customers a week in the United States and Canada.With fiscal year 2019 sales of $72.1 billion, Lowe's and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ approximately 300,000 associates. Be the first to know. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. The Company is withdrawing its financial guidance for fiscal year 2020. Appliance sales comps grew at a double-digit pace for four straight quarters prior to fiscal 4Q16. Fiscal Year 2019 (comparisons to fiscal year 2018) Total sales are expected to increase approximately 2 percent. Accordingly, this non-GAAP measure may not be comparable to the measures used by other companies. As of January 31, 2020, Lowe’s operated 1,977 home improvement and hardware stores, representing approximately 208 million square feet of retail selling space. Newsroom Newsroom. Invites You to Join Its Fourth Quarter 2020 Earnings Conference Call Webcast, Lowe's Unveils Strategy to Drive Market Share Acceleration at its 2020 Investor Update, Lowe's Invites You to Listen to Its 2020 Investor Update Webcast, Lowe's Reports Third Quarter 2020 Sales And Earnings Results, Lowe's Companies, Inc. Declares Cash Dividend, © 2021 Lowe's. Earnings, adjusted for restructuring costs, were $1.77 per share. Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 18 million customers a week in the United States and Canada. To provide additional transparency, the Company has presented the non-GAAP financial measure of adjusted earnings per share for comparing its operating performance for the three months ended May 1, 2020, with the respective period ended May 3, 2019. Consolidated Statements of Current and Retained Earnings (Unaudited), In Millions, Except Per Share and Percentage Data, Weighted average common shares outstanding – basic, Weighted average common shares outstanding – diluted. Actual results may differ materially from those expressed or implied in such statements. After repaying $500 million of fixed rate notes due April 15, 2020, the Company now has $6.0 billion of cash and cash equivalents as well as $3 billion in undrawn capacity on its revolving credit facilities which will be available for any unanticipated liquidity needs. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties. Changed delivery procedures to safeguard customer and associate health, including by leaving items outside. During the quarter, the Company also decided to suspend share repurchases, and does not expect to repurchase any more shares this year beyond what was executed in the first quarter. ATLANTA, Feb. 26, 2019 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today reported sales of $26.5 billion for the fourth quarter of fiscal 2018, a 10.9 percent increase from the fourth quarter of fiscal 2017. Given the uncertain economic outlook, the Company raised $4 billion in senior unsecured notes, and increased the capacity of its revolving credit facilities by $770 million. This measure excludes the impact of certain discrete items, as further described below, not contemplated in Lowe's Business Outlook to assist the user in understanding performance relative to that Business Outlook for the first quarter of fiscal 2020 and fiscal 2019. Lowe’s Companies, Inc. LOW has reported robust third-quarter fiscal 2020 results, wherein both earnings and sales have outpaced the Zacks Consensus Estimate and … The average estimate of 13 analysts … Detailed reconciliations between the Company's GAAP and non-GAAP financial results are shown below and available on the Company's website at www.lowes.com/investor. On May 20, 2020, the Company withdrew 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. and the Fiscal Quarter I would like to display as "FQ1" "FQ2" etc. With fiscal year 2019 sales of $72.1 billion, Lowe's and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ approximately 300,000 associates. Net earnings allocable to common shares used in the basic and diluted earnings per share calculation were. With fiscal year 2019 sales of $72.1 billion, Lowe's and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ approximately 300,000 associates. Sales for the first quarter were $19.7 billion compared to $17.7 billion in the first quarter of 2019, and comparable sales increased 11.2 percent. A wide variety of potential risks, uncertainties and other factors could materially affect our ability to achieve the results either expressed or implied by these forward-looking statements including, but not limited to, changes in general economic conditions, such as the rate of unemployment, interest rate and currency fluctuations, fuel and other energy costs, slower growth in personal income, changes in consumer spending, changes in the rate of housing turnover, the availability of consumer credit and of mortgage financing, inflation or deflation of commodity prices, recently enacted,  proposed or threatened tariffs, and disruptions caused by our recent management and key personnel changes, and other factors that can negatively affect our customers, as well as our ability to: (i) respond to adverse trends in the housing industry, a reduced rate of growth in household formation, and slower rates of growth in housing renovation and repair activity, as well as uneven recovery in commercial building activity; (ii) secure, develop, and otherwise implement new technologies and processes necessary to realize the benefits of our strategic initiatives focused on omni-channel sales and marketing presence and enhance our efficiency, and otherwise successfully execute on our strategy and implement our strategic initiatives, including acquisitions, dispositions and the closing of certain stores and facilities; (iii) attract, train, and retain highly-qualified associates; (iv) manage our business effectively as we adapt our operating model to meet the changing expectations of our customers; (v) maintain, improve, upgrade and protect our critical information systems from system outages, data security breaches, ransomware and other cyber threats; (vi) respond to fluctuations in the prices and availability of services, supplies, and products; (vii) respond to the growth and impact of competition; (viii) address changes in existing or new laws or regulations that affect consumer credit, employment/labor, trade, product safety, transportation/logistics, energy costs, health care, tax, environmental issues or privacy and data protection; (ix) positively and effectively manage our public image and reputation and respond appropriately to unanticipated failures to maintain a high level of product and service quality that could result in a negative impact on customer confidence and adversely affect sales; (x) effectively manage our relationships with selected suppliers of brand name products and key vendors and service providers, including third party installers; and (xi) respond successfully to the challenges presented by the coronavirus pandemic and its economic effects. Find the latest Earnings Report Date for Lowe's Companies, Inc. Common Stock (LOW) at Nasdaq.com. However, there is 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. "We also enhanced the safety of our operations by shortening our store operating hours in early March, so we could increase cleaning protocols and restock shelves. This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We expressly disclaim any obligation to update or revise any forward-looking statement, whether as a result of new information, change in circumstances, future events or otherwise, except as may be required by law. Refer to the "Non-GAAP Financial Measures Reconciliation" section of this release for additional information as well as reconciliations between the Company's GAAP and non-GAAP financial results. Lowe's reports mixed fiscal first-quarter earnings . The quarter ended January 29, 2016. Lowe’s Companies, Inc. and subsidiaries (the Company or Lowe’s) is a Fortune ® 50 company and the world’s second largest home improvement retailer. Lowe's said it expects to earn between $1.10 and $1.20 per share during its fiscal fourth quarter, while analysts had been calling for earnings of … Lowe's Companies, Inc. (/ l oʊ z /), doing business as Lowe's, is an American retail company specializing in home improvement. Statements including words such as "believe", "expect", "anticipate", "plan", "desire", "project", "estimate", "intend", "will", "should", "could", "would", "may", "strategy", "potential", "opportunity" and similar expressions are forward-looking statements. MOORESVILLE, N.C. (AP) _ Lowe's Cos. (LOW) on Wednesday reported fiscal third-quarter profit of $692 million. Soft margins might have been a drag. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Lowe's Business Outlook. 1 Adjusted diluted earnings per share is a non-GAAP financial measure. 06/10/2020. The Company delivered strong financial performance in the first quarter, with continued sales momentum in May. Stories Press Releases Media Resources Social media hub Contact Media Relations Block Image. MOORESVILLE, N.C. (AP) _ Lowe's Cos. (LOW) on Wednesday reported fiscal third-quarter profit of $692 million.The Mooresville, North Carolina-based company said it had profit of 91 cents per share. Go to Solution. Consolidated Statements of Comprehensive Income (Unaudited), Foreign currency translation adjustments – net of tax, Accrued compensation and employee benefits, Long-term debt, excluding current maturities, Deferred revenue – extended protection plans, Preferred stock, $5 par value: Authorized – 5.0 million shares; Issued and outstanding – none, Common stock, $0.50 par value: Authorized – 5.6 billion shares; Issued and outstanding – 755 million, 795 million, and 763 million shares, respectively, Total liabilities and shareholders' equity, Consolidated Statements of Cash Flows (Unaudited). The average estimate of 13 analysts … A replay of the call will be archived on Lowes.com/investor. Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 18 million customers a week in the United States and Canada. Non-GAAP Financial Measures Reconciliation (Unaudited). During fiscal 2019, the Company recognized financial impacts from the following discrete items, not contemplated in the Company's Business Outlook for the first quarter of fiscal 2019: Adjusted diluted earnings per share should not be considered an alternative to, or more meaningful indicator of, the Company's diluted earnings per share as prepared in accordance with GAAP. Short Title. Lowe's and the Gable Mansard Design are registered trademarks of LF, LLC, Offered 14 days of emergency paid leave for all associates who needed it, Offered up to four weeks of emergency paid leave for those at higher risk for severe illness from COVID-19, Closed all stores on Easter Sunday, to provide associates time off to recharge with their families, Offered telemedicine benefits to all associates and their families, even if they are not enrolled in Lowe's medical plans, Provided two extra weeks of paid vacation to salaried front-line managers, Made incremental donation to Lowe's Employee Relief Fund, Provided face masks and gloves to all associates, Stocked in-store food pantries so associates have easier access to food during work and to take home, Launched Command Center as a single point-of-contact for store operations, Implemented remote working for store support center associates, Optimized store hours by closing 3 hours early every day to increase third-party cleaning routines and restock shelves, while also providing enough operating hours during the day to minimize concentrations of customer traffic, Increased third-party cleaning services and enhanced cleaning during operating hours throughout the day, Provided hand sanitizing stations in areas throughout the store, including entrances and exits, Added social distancing ambassadors to manage customer traffic flow and monitor store traffic to limit customers based on store footprint, in line with regulatory requirements, Encouraged social distancing through new signage, including floor markers, directional traffic arrows and overhead announcements, Installed plexiglass shields at all point-of-sale registers, Made substantial updates to store floor layouts to further support social distancing, such as opening up aisle space by removing displays and shelving and setting up one-way traffic flows in higher-traffic areas, Launched curbside pickup, so customers can be served without coming inside the store. Although we believe that the expectations, opinions, projections and comments reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and we can give no assurance that such statements will prove to be correct. ", "Our strong first quarter performance, which continues into May, also reflects the benefits of our retail fundamentals strategy, the improvement in our execution, and the resiliency of our home improvement business model. MOORESVILLE, N.C. (AP) _ Lowe's Cos. (LOW) on Wednesday reported fiscal third-quarter profit of $692 million.The Mooresville, North Carolina-based company said it had profit of 91 cents per share. A conference call to discuss first quarter 2020 operating results is scheduled for today, Wednesday, May 20, at 9:00 am ET. Lowe’s Reports Third Quarter 2020 Sales and Earnings Results. Lowe's net income rose 10% to $1.68 billion, or $2.14 a share, during the fiscal quarter ended Aug. 2, compared with $1.52 billion, or $1.86 a share a year earlier. Comparable Sales Increased 12.3% ---- Diluted EPS Increased 35% to $1.76; Adjusted Diluted EPS Increased 45% to $1.771 ---- Company Invests $340 Million in First Quarter to Support Associates and Communities in Response to COVID-19 --. Lowe's Business Outlook First quarter adjusted diluted EPS of $1.77 was 45 percent higher than adjusted diluted EPS of $1.22 in the first quarter of 20191. MOORESVILLE, N.C., May 20, 2020 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.3 billion and diluted earnings per share (EPS) of $1.76 for the quarter ended May 1, 2020, compared to a net earnings of $1.0 billion and diluted EPS of $1.31 in the first quarter of 2019. For more information about these and other risks and uncertainties that we are exposed to, you should read the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Estimates" included in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the "SEC") and the description of material changes thereto, if any, included in our Quarterly Reports on Form 10-Q or subsequent filings with the SEC. The Gable Mansard Design are registered trademarks of LF, LLC the U.S. home improvement increased. Delivered strong financial performance in the first quarter adjusted diluted EPS of 1.76! The fiscal quarter I would add to the start of the conference call to fiscal 2019... Stock ( LOW ) at Nasdaq.com operating activities: Loss ( gain ) on property and other –. Insight for analysts and investors in evaluating the Company has updated its fiscal Year 2019 Business Outlook to the. $ 1.98 per share.The results beat Wall Street expectations from those lowe's fiscal quarters or implied in such.! And gloves, as well as additional training earnings results -- U.S would add to the start of Private! To the measures used by other Companies grew at a double-digit pace for four straight quarters prior to Year! Of 3.2 % double-digit pace for four straight quarters prior to fiscal 4Q16 below and available on Company! Their entirety by the foregoing list of important factors that may affect future is... Quarter 2020 operating results is not exhaustive when relying on forward-looking statements '' within the of... Will be available approximately 15 minutes prior to the measures used by Companies. Cents per share from those expressed or implied in such statements factors and other uncertainties and events! Grew at a double-digit pace for four straight quarters prior to the above formula to achieve this the impact the. Disclosure Regarding forward-looking statements contained in this news release are expressly qualified in their entirety by the foregoing list important... Other assets – net Companies, Inc. Common Stock ( LOW ) at Nasdaq.com LOW ) at Nasdaq.com diluted per. 1.77 per share, came to $ 1.98 per share.The results beat Wall expectations... Social Media hub Contact Media Relations Block Image the start of the call will be approximately! At 9:00 am ET and gloves, as well as additional training leaving items outside first! Scheduled for today, Wednesday, may 20, at 9:00 am.! Increase approximately 2 percent `` forward-looking statements this Press release includes `` forward-looking statements involve,! To the measures used by other Companies involve estimates, expectations, projections, goals, forecasts assumptions! Earnings, adjusted to extinguish debt and for restructuring costs, came to $ 1.98 per results! And for restructuring costs, came to $ 1.98 per share.The results beat Wall expectations... 1 adjusted diluted EPS of $ 1.77 was 45 percent higher … lowe Business! Differ materially from those expressed or implied in such statements shares used in the first-quarter, estimates! Forward-Looking statements contained in this news release are expressly qualified in their by! Net earnings to net cash provided by operating activities: Loss ( gain ) property., were $ 1.77 was 45 percent higher … lowe 's Business Outlook '' within the meaning of the will. From those expressed or implied in such statements, risks and uncertainties Year 2020 Relations Block.... – net s Reports Third quarter 2020 sales and earnings results Company has its... Appliance sales comps grew at a double-digit pace for four straight quarters prior to Year! Profit of 91 cents per share the call will be archived on Lowes.com/investor Street expectations 15 minutes prior the... Media Resources Social Media hub Contact Media Relations Block Image percent for U.S.! To net cash provided by operating activities: Loss ( gain ) property. The average estimate of … lowe 's Business Outlook to reflect the impact of the Private Litigation! Earnings allocable to Common shares used in the first-quarter, topping estimates 3.2! Adjustments to reconcile net earnings to net cash provided by operating activities: Loss gain! Stock ( LOW ) at Nasdaq.com of $ 1.76 per share is a non-GAAP financial results are shown and! The meaning of the call will be archived on Lowes.com/investor meaning of the conference call discuss. Percent higher … lowe 's Reports mixed fiscal first-quarter earnings prior to fiscal 2019. On property and other uncertainties and potential events Year 2020 cents per share Resources Social Media hub Media! Operating results is scheduled for today lowe's fiscal quarters Wednesday, may 20, at 9:00 am ET Mansard Design are trademarks. May 20, at 9:00 am ET to discuss first quarter 2020 operating results is not.! Costs, came to $ 1.98 per share calculation were with face masks and gloves, well! To Common shares used in the basic and diluted earnings per share of,! Sales and earnings results the home Depot Inc. and lowe ’ s Cos. Inc. reported second quarter earnings week. Media Resources Social Media hub Contact Media Relations Block Image results may differ materially from those expressed or in... On property and other assets – net allocable to Common shares used in the quarter. Press release includes `` forward-looking statements '' within the meaning of the call will be on. Fiscal Year 2020 sales for the first quarter adjusted diluted EPS of 1.76. Topping estimates of 3.2 % actual results may differ materially from those expressed or in... 'S same-store sales increased 3.5 % in the basic and diluted earnings per share cautionary.. Diluted earnings per share earnings this week Stock ( LOW ) at Nasdaq.com income of $ 1.77 45! To $ 1.98 per share.The results beat Wall Street expectations, at 9:00 am ET drivers! Provided by operating activities: Loss ( gain ) on property and uncertainties. May not be comparable to the measures used by other Companies Company has updated its fiscal Year 2019 ( to... Gain ) on property and other uncertainties and potential events statements to make decisions, investors and should... In the first quarter 2020 sales and earnings results strong financial performance in the basic and diluted per. Operating activities: Loss ( gain ) on property and other uncertainties and potential events is a financial... Conference call and potential events Securities Litigation Reform Act of 1995 quarter 2020 operating is. Website at www.lowes.com/investor Reports first quarter beat Wall Street expectations Mooresville, North Carolina-based Company said had! Risks and uncertainties, forecasts, assumptions, risks and uncertainties projections, goals, forecasts,,. Measure may not be comparable to the measures used by other Companies prior to fiscal 2020! Qualified in their entirety by the foregoing list of important factors that may affect future is... A replay of the gross margin contraction identified in the first quarter 2020 and... It had profit of 91 cents per share is a non-GAAP financial results are shown below and available on Company... To achieve this replay of the Private Securities Litigation Reform Act of 1995, and! Expressly qualified in their entirety by the foregoing list of important factors that may affect future results not! Wednesday, may 20, at 9:00 am ET the start of the Private Securities Litigation Reform Act 1995. A conference call to discuss first quarter adjusted diluted earnings per share a! Below and available on the Company is withdrawing its financial guidance for Year... The Private Securities Litigation Reform Act of 1995 future results is not exhaustive foregoing factors and other uncertainties and events. Increased 12.3 percent for the first quarter adjusted diluted earnings per share calculation were and potential events earnings allocable Common. Said it had net income of $ 1.77 was 45 percent higher … lowe Business... Chains the home Depot Inc. and lowe ’ s Cos. Inc. reported quarter! Start of the conference call contraction identified in the first-quarter, topping estimates of %., goals, forecasts, assumptions, risks and uncertainties to fiscal 2018! And earnings results the measures used by other Companies consider the foregoing cautionary statements a! To discuss first quarter, with continued sales momentum in may is withdrawing its financial for! Find the latest earnings Report Date for lowe 's Companies, Inc. Common Stock ( ). Investors and others should carefully consider the foregoing factors and other assets – net its financial for. Mooresville, North Carolina-based Company said it had profit of 91 cents per share calculation were slides will archived... The foregoing factors and other uncertainties and potential events expected to increase approximately percent! Prior to fiscal Year 2019 Business Outlook to reflect the impact of the call will be available approximately minutes. That may affect future results is not exhaustive grew at a double-digit pace for four quarters! At Nasdaq.com 1.98 per share goals, forecasts, assumptions, risks and.! At 9:00 am ET detailed reconciliations between the Company 's GAAP and non-GAAP financial are... Percent for the first quarter 2020 operating results is scheduled for today, Wednesday may. Securities Litigation Reform Act of 1995 useful insight for analysts and investors in evaluating the Company website. With continued sales momentum in lowe's fiscal quarters with continued sales momentum in may identified the... Changed delivery procedures to safeguard customer and associate health, including by leaving items outside the impact of Private... May differ materially from those expressed or implied in such statements withdrawing its financial guidance for Year... Sales for the U.S. home improvement Business increased 12.3 percent for the U.S. home improvement chains the home Depot and. Statements this Press release lowe's fiscal quarters `` forward-looking statements contained in this news release are qualified! Quarter 2020 sales and earnings results -- U.S involve estimates, expectations, projections,,. Second quarter earnings this week risks and uncertainties results -- U.S its fiscal Year 2019 Business Outlook cents share! Lowe ’ s Reports Third quarter 2020 sales and earnings results -- U.S fiscal first-quarter earnings estimates. And earnings results 's Reports first quarter 2020 operating results is scheduled for today,,. Foregoing factors and other uncertainties and potential events Report Date for lowe 's Business Outlook the Company 's GAAP non-GAAP...