Lowes (LOW) Q3 2024 Earnings Breakdown

Key Highlights:

• Modestly better than expected Q3 results: Driven by strong Pro and online sales, offsetting continued softness in DIY discretionary spending.
• Impact of Hurricanes Helene and Milton: Storm-related sales provided a boost to Q3 results and are anticipated to modestly impact Q4.
• Focus on Total Home Strategy: Emphasis on driving Pro penetration, accelerating online business, expanding installation services, driving localization, and elevating assortment.
• Updated full-year 2024 outlook: Sales and earnings guidance revised upwards, reflecting Q3 performance and anticipated storm impact.
• Continued commitment to capital allocation: Share repurchases and dividends totaling $1.4 billion returned to shareholders in Q3.