Lowe's Q3: Earnings: Revenue And EPS Beat But Comp Sales Fall Amid Softness In Bigger-Ticket DIY Discretionary Demand
Lowe's Q3: Earnings: Revenue And EPS Beat But Comp Sales Fall Amid Softness In Bigger-Ticket DIY Discretionary Demand
Gross margin in the quarter under review remained relatively flat year over year to 33.69%. Quarterly operating income totaled $2.536 billion compared with $2.696 billion a year ago.Lowe's Companies, Inc. (NYSE:LOW) reported third-quarter adjusted earnings per share of $2.89 beating the street view of $2.82.
劳氏公司（纽交所：LOW）报告第三季度调整后的每股收益为2.89美元，超出市场预期的2.82美元。
Quarterly sales of $20.170 billion outpaced the analyst consensus estimate of $19.424 billion.
季度销售额为201.7亿美元，超过了分析师一致预测的194.24亿美元。
Comparable sales for the quarter decreased 1.1%, driven by continued softness in DIY bigger-ticket discretionary demand, partly offset by storm-related sales and positive comparable sales in Pro and online.
同店销售额下降了1.1%，主要受持续低迷的DIY大件离散性需求影响，部分抵消了与风暴相关的销售和Pro和在线销售的正同店销售增长。
Gross margin in the quarter under review remained relatively flat year over year to 33.69%. Quarterly operating income totaled $2.536 billion compared with $2.696 billion a year ago.
在审查的季度中，毛利率相对于去年持平，为33.69%。季度营业利润总额为25.36亿美元，而去年为26.96亿美元。
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During the third quarter, the company recognized a $54 million pre-tax gain associated with the 2022 sale of the Canadian retail business. This positively impacted third-quarter diluted EPS by 10 cents.
在第三季度，该公司确认了与2022年出售加拿大零售业务相关的5400万美元税前收益。这对第三季度摊薄后每股收益有10美分的积极影响。
"Next month at our Analyst and Investor Conference, I look forward to discussing our new growth and productivity initiatives, which underscore our confidence that we are well-positioned to capitalize on the expected recovery in home improvement," said Marvin R. Ellison, Lowe's chairman, president and CEO.
“下个月在我们的分析师和投资者会议上，我期待讨论我们的新增长和生产力举措，这表明我们有信心能够充分利用家居改善的预期复苏，”劳氏董事会主席、总裁兼首席执行官马文·R·埃利森说。
As of Nov. 1, Lowe's operated 1,747 stores representing 195.0 million square feet of retail selling space.
截至11月1日，劳氏经营着1,747家店铺，总计零售销售面积达19500万平方英尺。
Guidance: Lowe's has revised its fiscal year 2024 outlook for its adjusted earnings per share (EPS) guidance from a range of $11.70 – $11.90 to a range of $11.80 – $11.90, compared with the consensus estimate of $11.85.
指引：劳氏已经调整了其2024财年的每股调整后收益（EPS）指引，从11.70美元至11.90美元的区间调整至11.80美元至11.90美元的区间，与市场一致预估的11.85美元相比。
Additionally, the company raised its sales forecast from a range of $82.70 billion – $83.20 billion to a new range of $83.00 billion – $83.50 billion, compared with the consensus estimate of $83.05 billion.
此外，公司将其销售预测从827亿美元至832亿美元的区间提高至新的830亿美元至835亿美元区间，与市场一致预估的830.5亿美元相比。
For FY24, Comparable sales is expected to be -3.0 to -3.5%, as compared to prior year (previous view -3.5% to -4.0%).
对于2024财年，可比销售预计为-3.0至-3.5%，与上一年相比（先前预估-3.5%至-4.0%）。
Adjusted operating income as a percentage of sales (adjusted operating margin) of 12.3% to 12.4% (previously 12.4% to 12.5%).
销售中调整后营业利润率（调整后营业利润率）为12.3%至12.4%（之前为12.4%至12.5%）。
Price Action: LOW shares are trading lower by 1.02% to $269.00 premarket at last check Tuesday.
股价表现：劳氏股票交易价格下跌1.02%，报269.00美元，周二最后一次查询为盘前交易。
