LOWE’S COMPANIES Reports Impressive FY2023 Q4 Earnings Results for Period Ending January 31 2023.
March 7, 2023
Earnings report
On March 1 2023, LOWE’S COMPANIES ($NYSE:LOW) reported their financial results for the fourth quarter of FY2023, ending January 31 2023. The company announced total revenues of USD 1.0 billion, a 20.7% decrease compared to the same period the previous year. Despite this decrease, LOWE’S COMPANIES reported net income of USD 22.4 billion, an impressive increase of 5.2% year over year. Although LOWE’S COMPANIES had to endure a difficult quarter due to the effects of the pandemic, they were still able to report positive overall results.
This speaks to the strength and resilience of the company, as they managed to make a strong recovery despite the economic downturn. With their impressive results and continued commitment to excellence, LOWE’S COMPANIES is well-positioned to continue its success in the years to come.
Share Price
LOWE’S COMPANIES released its impressive financial report for the fourth quarter of fiscal year 2023—ending on January 31, 2023. On Wednesday, LOWE’S COMPANIES stock opened at $205.4, yet closed at $194.3—this is a 5.6% drop from the last day’s closing price of $205.8. The earnings results show a positive increase for the quarter, reflecting a strong performance when compared to last year’s numbers. These figures suggest that LOWE’S COMPANIES is well-positioned to capitalize on the growth opportunities in the market, as well as maintain their financial stability in the future.
In summary, LOWE’S COMPANIES reported a series of impressive financial results for the quarter ending January 31, 2023. Despite a drop in their stock price on Wednesday, their overall performance reflects strong growth and good financial position in comparison to the same period from last year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lowe’s Companies. More…
| Total Revenues | Net Income | Net Margin |
| 97.06k | 6.44k | 6.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lowe’s Companies. More…
| Operations | Investing | Financing |
| 8.59k | -1.31k | -7.05k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lowe’s Companies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 43.71k | 57.96k | -23.72 |
Key Ratios Snapshot
Some of the financial key ratios for Lowe’s Companies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.4% | 17.2% | 10.5% |
| FCF Margin | ROE | ROA |
| 7.0% | -46.8% | 14.5% |
Analysis
At GoodWhale, we have conducted an in-depth analysis of LOWE’S COMPANIES‘s wellbeing to offer investors an accurate risk assessment. We have determined that LOWE’S COMPANIES is a medium risk investment in terms of financial and business aspects. During our detailed assessment of LOWE’S COMPANIES, we detected three risk warnings in the income sheet, balance sheet and non-financial areas. To gain access to more detailed analysis of LOWE’S COMPANIES and to uncover any additional risk factors, register with us today. More…
Peers
Headquartered in Mooresville, North Carolina, the company employs over 290,000 people. Lowe’s is the second-largest home improvement retailer in the United States, after The Home Depot. The company competes with The Home Depot, Bed Bath & Beyond, Kohnan Shoji Co Ltd, and other home improvement retailers.
– The Home Depot Inc ($NYSE:HD)
The Home Depot Inc is a home improvement retailer that operates in the United States, Canada, and Mexico. It was founded in 1978 and is headquartered in Atlanta, Georgia. The company has a market capitalization of $282.03 billion as of 2022 and a return on equity of -2020.81%. Home Depot operates over 2,200 stores across the United States, Canada, and Mexico. The company offers a wide variety of home improvement products and services, including electrical, plumbing, lawn and garden, tools, and more.
– Bed Bath & Beyond Inc ($NASDAQ:BBBY)
Bath & Beyond Inc is a home goods retailer that operates in the United States and Canada. As of 2022, the company had a market capitalization of 401.26 million and a return on equity of 146.77%. The company sells a variety of home goods, including bedding, bath products, kitchen items, and home decor. It also operates a website and mobile app.
– Kohnan Shoji Co Ltd ($TSE:7516)
Kohnan Shoji Co Ltd is a Japanese company that manufactures and sells construction materials, tools, and hardware. It has a market cap of 94.2B as of 2022 and a return on equity of 9.73%. The company has a strong presence in the Japanese market and is one of the leading suppliers of construction materials in the country. It has a wide range of products that are used in both residential and commercial construction projects.
Summary
Net income was $22.4 billion, which is an increase of 5.2% year over year. Despite the increase in net income, the stock price decreased on the same day as the earnings release. For investors, this could be a sign that the market may not be bullish in the short-term, although the growth year-over-year in net income is encouraging for future prospects.
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