Why Shares of Lowe's Are Falling Today [The Motley Fool]
Lowe's Companies, Inc. (LOW)
Last lowe's companies, inc. earnings: 2/26 06:00 am
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Source: The Motley Fool
Why Shares of Lowe's Are Falling Today The company reported mixed results as it still tries to get online sales moving. Shares of Lowe's Companies ( NYSE:LOW ) fell 5% on Wednesday after the home-improvement retailer reported mixed fourth-quarter results and provided disappointing guidance. The company is undergoing a renovation under CEO Marvin Ellison, which, as any homeowner knows, usually takes a significant amount of time to play out. Lowe's reported adjusted fourth-quarter earnings of $0.94 per share, ahead of the $0.91 per-share estimate, but revenue at $16.03 billion came in about $100 million light. Comparable sales for the quarter were up 2.5% year over year, short of the 3.5% expectation, and gross margin fell 20 basis points to 31.1%. The company's beat was driven by strong expense management and productivity improvements from its U.S. brick-and-mortar stores. CEO Ellison said in a statement that "we have a detailed road map in place to modernize our e-commerce platform"
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LOW
Earnings
- 11/19/24 - Beat
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Sec Filings
- 11/19/24 - Form 8-K
- 10/4/24 - Form 4
- 10/4/24 - Form 4
- LOW's page on the SEC website