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Lowes Companies Inc  (LOW)
Other Ticker:  
 
    Sector  Retail    Industry Home Improvement
   Industry Home Improvement
   Sector  Retail
 

LOW's Operating Income Growth by Quarter and Year

Lowes Companies Inc's Operating Income results by quarter and year




LOW Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter February - 1,704.00 1,849.00 1,524.00
III Quarter November - 924.00 2,789.00 2,175.00
II Quarter August 3,886.00 4,229.00 4,210.00 3,957.00
I Quarter May 3,288.00 3,302.00 3,245.00 1,991.00
FY   7,174.00 10,159.00 12,093.00 9,647.00



LOW Operating Income second quarter 2023 Y/Y Growth Comment
Lowes Companies Inc reported decrease in Operating Income in the second quarter 2023 by -8.11% to $ 3,886.00 millions, from the same quarter in 2022.
The decrease in the second quarter 2023 Lowes Companies Inc's Operating Income compares unfavorably to the Company's average Operating Income increase of 18.54%.

Looking into second quarter 2023 results within Home Improvement industry 2 other companies have achieved higher Operating Income growth. While Lowes Companies Inc' s Operating Income decline of -8.11% ranks overall at the positon no. 1338 in the second quarter 2023.

Explain Operating Income growth


LOW Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter February - -7.84 % 21.33 % 59.08 %
III Quarter November - -66.87 % 28.23 % 39.6 %
II Quarter August -8.11 % 0.45 % 6.39 % 66.19 %
I Quarter May -0.42 % 1.76 % 62.98 % 40.51 %
FY   - -15.99 % 25.36 % 52.79 %

Financial Statements
Lowes Companies Inc's second quarter 2023 Operating Income $ 3,886.00 millions LOW's Income Statement
Lowes Companies Inc's second quarter 2022 Operating Income $ 4,229.00 millions Quarterly LOW's Income Statement
New: More LOW's historic Operating Income Growth >>


LOW Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter February - 84.42 % -33.7 % -29.93 %
III Quarter November - -78.15 % -33.75 % -45.03 %
II Quarter August 18.19 % 28.07 % 29.74 % 98.74 %
I Quarter May 92.96 % 78.58 % 112.93 % 107.83 %
FY (Year on Year)   - -15.99 % 25.36 % 52.79 %




Operating Income second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Home Improvement Industry #3
Retail Sector #62
Overall #1338

Operating Income Y/Y Growth Statistics
High Average Low
494.92 % 18.54 % -73.05 %
(Feb 03 2017)   (Jan 31 2014)
Operating Income second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Home Improvement Industry #3
Retail Sector #62
Overall #1338
Operating Income Y/Y Growth Statistics
High Average Low
494.92 % 18.54 % -73.05 %
(Feb 03 2017)   (Jan 31 2014)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Lowes Companies Inc's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
601.32 % 25.4 % -83.55 %
(April 30 2014)  


LOW's II. Quarter Q/Q Operating Income Comment
Lowes Companies Inc achieved in the II. Quarter 2023 below company average Operating Income jump of 18.19% quarter on quarter, to $ 3,886.00 millions.

Within Home Improvement industry 3 other companies have achieved higher Operating Income quarter on quarter growth. While Lowes Companies Inc's Operating Income growth quarter on quarter, overall rank is 780.


Operating Income Q/Q Growth Company Ranking
Within: No.
Home Improvement Industry #4
Retail Sector #53
Overall #780
Operating Income Q/Q Growth Company Ranking
Within: No.
Home Improvement Industry #4
Retail Sector #53
Overall #780
Operating Income Q/Q Growth Statistics
High Average Low
601.32 % 25.4 % -83.55 %
(April 30 2014)  


LOW's II. Quarter Q/Q Operating Income Comment
Lowes Companies Inc achieved in the II. Quarter 2023 below company average Operating Income jump of 18.19% quarter on quarter, to $ 3,886.00 millions.

Within Home Improvement industry 3 other companies have achieved higher Operating Income quarter on quarter growth. While Lowes Companies Inc's Operating Income growth quarter on quarter, overall rank is 780.


Lowes Companies Inc's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Aug 04 2023)
12 Months Ending
(May 05 2023)
12 Months Ending
(Feb 03 2023)
12 Months Ending
(Oct 28 2022)
12 Months Ending
(Jul 29 2022)
Cumulative Operating Income 12 Months Ending $ 9,802.00 $ 10,145.00 $ 10,159.00 $ 10,304.00 $ 12,169.00
Y / Y Operating Income Growth (TTM) -19.45 % -16.5 % -15.99 % -12.44 % 9.1 %
Year on Year Operating Income Growth Overall Ranking # 973 # 956 # 641 # 1366 # 1119
Seqeuential Operating Income Change (TTM) -3.38 % -0.14 % -1.41 % -15.33 % 0.16 %
Seq. Operating Income Growth (TTM) Overall Ranking # 1187 # 1217 # 1135 # 1898 # 1170




Cumulative Operating Income growth Comment
Lowes Companies Inc's cumulative 12 months Operating Income continue to fall, but on the faster rate at -19.45% year on year, at Aug 04 2023 compare to the -16.5% decrease at May 05 2023. If the Lowes Companies Inc's fiscal year would end at Aug 04 2023, annual Operating Income would be $9,802 millions.

In the Retail sector 37 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 956 to 973.

Operating Income TTM Q/Q Growth Statistics
High Average Low
102.1 %
8.87 %
-38.99 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Home Improvement Industry # 4
Retail Sector # 38
Overall # 973

Operating Income TTM Y/Y Growth Statistics
High Average Low
102.1 %
8.87 %
-38.99 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 50
S&P 500 # 1187
Cumulative Operating Income growth Comment
Lowes Companies Inc's cumulative 12 months Operating Income continue to fall, but on the faster rate at -19.45% year on year, at Aug 04 2023 compare to the -16.5% decrease at May 05 2023. If the Lowes Companies Inc's fiscal year would end at Aug 04 2023, annual Operating Income would be $9,802 millions.

In the Retail sector 37 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 956 to 973.

Operating Income TTM Q/Q Growth Statistics
High Average Low
102.1 %
8.87 %
-38.99 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Home Improvement Industry # 4
Retail Sector # 38
Overall # 973

Operating Income TTM Y/Y Growth Statistics
High Average Low
102.1 %
8.87 %
-38.99 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 50
S&P 500 # 1187




Other Operating Income Growth
Home Improvement Industry Operating Income Growth Trends and Statistics
Retail Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
LOW's Operating Income Growth Ratio versus Home Improvement Industry, Retail Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for LOW's Competitors
Operating Income Growth for Lowes Companies Inc's Suppliers
Operating Income Growth for LOW's Customers

You may also want to know
LOW's Annual Growth Rates LOW's Profitability Ratios LOW's Asset Turnover Ratio LOW's Dividend Growth
LOW's Roe LOW's Valuation Ratios LOW's Financial Strength Ratios LOW's Dividend Payout Ratio
LOW's Roa LOW's Inventory Turnover Ratio LOW's Growth Rates LOW's Dividend Comparisons



Companies with similar Operating Income fall for the quarter ending Aug 04 2023 within Retail SectorY/Y Change %Operating Income for the quarter ending Aug 04 2023
Td Synnex Corporation-0.54%$ -0.539 millions
Pricesmart Inc -17.52%$ -17.523 millions




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