Company profile

Ticker
LOW
Exchange
CEO
Marvin R. Ellison
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
560578072

LOW stock data

(
)

Calendar

3 Jun 19
24 Aug 19
31 Jan 20

News

Company financial data Financial data

Quarter (USD) May 19 Feb 19 Nov 18 Aug 18
Revenue 17.74B 15.65B 17.42B 20.89B
Net income 1.05B -824M 629M 1.52B
Diluted EPS 1.31 -0.99 0.78 1.86
Net profit margin 5.90% -5.27% 3.61% 7.28%
Operating income 1.42B -568M 957M 2.16B
Net change in cash 2.46B -1.16B -583M 686M
Cash on hand 2.97B 511M 1.67B 2.25B
Cost of revenue 12.16B 11.61B 11.76B 13.69B
Annual (USD) Feb 19 Jan 16 Jan 15
Revenue 71.31B 59.07B 56.22B
Net income 2.31B 2.55B 2.7B
Diluted EPS 2.84 2.73 2.71
Net profit margin 3.25% 4.31% 4.80%
Operating income 4.02B 4.97B 4.79B
Net change in cash 106M -61M
Cash on hand 511M 405M 466M
Cost of revenue 48.4B 38.5B 36.67B

Financial data from company earnings reports

Financial report summary

?
Management Discussion
  • Net Sales – Net sales increased 3.9% to $71.3 billion in 2018. The increase in total sales was driven primarily by 2.4% comparable sales growth, the adoption of the revenue recognition accounting standard ASU 2014-09, which primarily resulted in a reclassification of profit sharing income associated with the proprietary credit program from SG&A to sales (+1.1%), and new stores (+0.5%). The comparable sales increase of 2.4% in 2018 was driven primarily by a 3.4% increase in comparable
  • average ticket offset by a 1.1% decrease in comparable customer transactions. Comparable sales increases during each quarter of the fiscal year, as reported, were 0.6% in the first quarter, 5.2% in the second quarter, 1.5% in the third quarter, and 1.7% in the fourth quarter.
  • During 2018, we experienced comparable sales increases in eight of 11 product categories. We experienced low single-digit negative comparable sales in Flooring and Fashion Fixtures, primarily due to inventory out-of-stocks, poor reset execution, and assortment misalignment, as well as flat comparable sales in Paint. Comparable sales increases were above the company average in Appliances, Lumber & Building Materials, Lawn & Garden, and Rough Plumbing & Electrical. Strong brand and service advantages in Appliances drove strong comparable sales during the year. Lumber & Building Materials benefited from increased demand from the Pro customer. Strength in Lawn & Garden was driven primarily by lawn care, live goods, and landscape products. We also achieved strong comparable sales in Rough Plumbing & Electrical driven by continued improvements in brand relevance and demand from the Pro customer. Geographically, 12 of 14 U.S. regions experienced positive comparable sales with the strongest results in the South and North, with the remaining two regions experiencing approximately flat comparable sales.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: added, aimed, analyze, ASC, assessment, Bath, Black, Boomerang, breadth, channel, classification, Codification, combined, comfort, commenced, commencement, Commerce, contingent, convergence, coupled, covenant, Craftsman, Decor, derecognition, equal, escalation, exhibit, explanatory, face, FL, Friday, governing, handling, implicit, indenture, indirect, ineffective, intention, Interior, led, legacy, Lighting, long, minimum, mission, network, North, notional, package, paragraph, platform, portion, preferable, principle, prioritize, promotional, readily, reclassified, redemption, renewal, rental, repayment, replacing, riding, rolling, semiannually, shipping, solid, stability, storage, strongest, successful, systematically, talent, tool, tough, TX, unpaid, unprecedented, utilized, utilizing, variable, vehicle, volume, West, winning, worth
Removed: allocation, appointed, appointment, calendar, card, case, Chairman, charge, comparability, conformed, coupon, Croom, deemed, deleveraged, depict, difficult, Dreiling, Ellison, enactment, evaluate, exceed, executing, extinguishment, factor, FASB, Fashion, gather, goodwill, higher, hire, hypothetical, inadequate, inherently, interpretation, July, June, leadership, leasing, legislative, lower, lowered, Marshall, Marvin, member, modified, Niblock, offer, omnichannel, order, payoff, permitted, policy, President, proprietary, provisional, record, relevant, remerchandising, repatriation, requirement, retire, retirement, retrospective, Richard, Robert, scheduled, sharing, state, Step, subsidiary, taxing, technology, test, timing, trailing, unit, viewed