Lowe’s Companies (NYSE:LOW) FY24 Outlook: Revenue $84B – $85B Vs. Vs. $85.61B Estimate, EPS $12.00 – $12.30 Vs. $12.95 Estimate

Full Year 2024 Outlook

  • Total sales of $84 to $85 billion
  • Comparable sales expected to be down -2 to -3% as compared to prior year
  • Operating income as a percentage of sales (operating margin) of 12.6% to 12.7%
  • Interest expense of approximately $1.4 billion
  • Effective income tax rate of approximately 25%
  • Diluted earnings per share of approximately $12.00 to $12.30
  • Capital expenditures of approximately $2 billion
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