Lowe's said net sales for fiscal 2024 ended January 31, 2025 decreased 3.1% to $83.7 billion, net earnings decreased 10.0% to $7.0 billion, and diluted earnings per share decreased 7.4% to $12.23 from $13.20.

1. 01

   Lowe's said net sales for fiscal 2024 ended January 31, 2025 decreased 3.1% to $83.7 billion, net earnings decreased 10.0% to $7.0 billion, and diluted earnings per share decreased 7.4% to $12.23 from $13.20.

2. 02

   The company said fiscal 2024 results included pre-tax income of $177 million associated with the fiscal 2022 sale of the Canadian retail business, which increased diluted earnings per share by $0.24. Adjusted diluted earnings per share decreased 8.4% to $11.99 from $13.09.

3. 03

   Lowe's said cash flows from operating activities in fiscal 2024 were $9.6 billion, with $1.9 billion used for capital expenditures, $3.9 billion used for share repurchases, and $2.6 billion paid in dividends.

4. 04

   The company said as of January 31, 2025 it held $1.8 billion in cash and cash equivalents and $4.0 billion in undrawn capacity on its revolving credit facilities, with no outstanding borrowings under its commercial paper program or credit agreements as of that date.

Key figures

Fiscal year ended January 31, 2025

Revenue

$86.4B

Operating income

$11.6B

Net income

$7.7B

EPS

$13.20

Gross profit

$28.8B

Operating cash flow

$8.1B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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