Lowe's Files Q1 2024 10-Q
Ticker: LOW · Form: 10-Q · Filed: 2024-05-30T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, earnings, retail
Related Tickers: HD
TL;DR
Lowe's Q1 2024 10-Q is in. Financials look steady.
AI Summary
Lowe's Companies Inc. filed its 10-Q for the period ending May 3, 2024. The filing details financial performance and operational updates for the first quarter of fiscal year 2024. Key financial figures and balance sheet information are presented, reflecting the company's ongoing business activities.
Why It Matters
This filing provides investors and analysts with the latest financial snapshot of Lowe's, crucial for understanding the company's performance in the current retail environment.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial information.
Key Numbers
- 2024 Q1 — Fiscal Quarter (Reporting period for the 10-Q)
- 01-31 — Fiscal Year End (Lowe's fiscal year concludes on January 31st)
Key Players & Entities
- LOWES COMPANIES INC (company) — Filer
- 0000060667 (company) — Central Index Key
- 20240503 (date) — Period of Report
- 20240530 (date) — Filed as of Date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is May 3, 2024.
What is the Central Index Key for Lowe's Companies Inc.?
The Central Index Key for Lowe's Companies Inc. is 0000060667.
When was this 10-Q filing submitted?
This 10-Q filing was submitted on May 30, 2024.
What is Lowe's standard fiscal year end date?
Lowe's standard fiscal year end date is January 31st.
What is the SEC file number for Lowe's Companies Inc.?
The SEC file number for Lowe's Companies Inc. is 001-07898.
From the Filing
0000060667-24-000085.txt : 20240530 0000060667-24-000085.hdr.sgml : 20240530 20240530162558 ACCESSION NUMBER: 0000060667-24-000085 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 67 CONFORMED PERIOD OF REPORT: 20240503 FILED AS OF DATE: 20240530 DATE AS OF CHANGE: 20240530 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LOWES COMPANIES INC CENTRAL INDEX KEY: 0000060667 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS [5211] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 560578072 STATE OF INCORPORATION: NC FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-07898 FILM NUMBER: 241005755 BUSINESS ADDRESS: STREET 1: 1000 LOWES BLVD. CITY: MOORESVILLE STATE: NC ZIP: 28117 BUSINESS PHONE: 704-758-1000 MAIL ADDRESS: STREET 1: 1000 LOWES BLVD. CITY: MOORESVILLE STATE: NC ZIP: 28117 10-Q 1 low-20240503.htm FORM 10-Q low-20240503 0000060667 false 2024 Q1 01-31 xbrli:shares iso4217:USD xbrli:pure iso4217:USD xbrli:shares 0000060667 2024-02-03 2024-05-03 0000060667 2024-05-28 0000060667 2023-02-04 2023-05-05 0000060667 2024-05-03 0000060667 2023-05-05 0000060667 2024-02-02 0000060667 us-gaap:CommonStockMember 2024-02-02 0000060667 us-gaap:AdditionalPaidInCapitalMember 2024-02-02 0000060667 us-gaap:RetainedEarningsMember 2024-02-02 0000060667 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-02-02 0000060667 us-gaap:RetainedEarningsMember 2024-02-03 2024-05-03 0000060667 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-02-03 2024-05-03 0000060667 us-gaap:AdditionalPaidInCapitalMember 2024-02-03 2024-05-03 0000060667 us-gaap:CommonStockMember 2024-02-03 2024-05-03 0000060667 us-gaap:CommonStockMember 2024-05-03 0000060667 us-gaap:AdditionalPaidInCapitalMember 2024-05-03 0000060667 us-gaap:RetainedEarningsMember 2024-05-03 0000060667 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-05-03 0000060667 us-gaap:CommonStockMember 2023-02-03 0000060667 us-gaap:AdditionalPaidInCapitalMember 2023-02-03 0000060667 us-gaap:RetainedEarningsMember 2023-02-03 0000060667 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-02-03 0000060667 2023-02-03 0000060667 us-gaap:RetainedEarningsMember 2023-02-04 2023-05-05 0000060667 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-02-04 2023-05-05 0000060667 us-gaap:AdditionalPaidInCapitalMember 2023-02-04 2023-05-05 0000060667 us-gaap:CommonStockMember 2023-02-04 2023-05-05 0000060667 us-gaap:CommonStockMember 2023-05-05 0000060667 us-gaap:AdditionalPaidInCapitalMember 2023-05-05 0000060667 us-gaap:RetainedEarningsMember 2023-05-05 0000060667 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-05-05 0000060667 us-gaap:ProductMember 2024-02-03 2024-05-03 0000060667 us-gaap:ProductMember 2023-02-04 2023-05-05 0000060667 us-gaap:ServiceMember 2024-02-03 2024-05-03 0000060667 us-gaap:ServiceMember 2023-02-04 2023-05-05 0000060667 us-gaap:ProductAndServiceOtherMember 2024-02-03 2024-05-03 0000060667 us-gaap:ProductAndServiceOtherMember 2023-02-04 2023-05-05 0000060667 low:HomeDecorMember 2024-02-03 2024-05-03 0000060667 low:HomeDecorMember 2023-02-04 2023-05-05 0000060667 low:BuildingProductsMember 2024-02-03 2024-05-03 0000060667 low:BuildingProductsMember 2023-02-04 2023-05-05 0000060667 low:HardlinesMember 2024-02-03 2024-05-03 0000060667 low:HardlinesMember 2023-02-04 2023-05-05 0000060667 low:OtherSalesMember 2024-02-03 2024-05-03 0000060667 low:OtherSalesMember 2023-02-04 2023-05-05 0000060667 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:USTreasuryNotesSecuritiesMember 2024-05-03 0000060667 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:USTreasuryNotesSecuritiesMember 2023-05-05 0000060667 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInpu