Lowe's Companies (LOW) 10-K Summary — Year Ended Feb 2, 2024
Lowe's Companies, Inc. reported a fiscal year with total revenue decreasing compared to the prior year. The filing outlines the company's business, risk factors, and financial condition.
Key takeaway
Year ended Feb 2, 2024 · FY2025 10-K
Lowe's Companies, Inc. reported a fiscal year with total revenue decreasing compared to the prior year. The filing outlines the company's business, risk factors, and financial condition.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$86.4B
Revenue reported for the fiscal year.
Operating income
$11.6B
Income from operations reported for the year.
Net income
$7.7B
Net income reported for the year.
Operating cash flow
$8.1B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 28, 2022 | $96.3B | n/a |
| Feb 3, 2023 | $97.1B | +0.8% |
| Feb 2, 2024 | $86.4B | -11.0% |
Business overview
Lowe's operates as a home improvement retailer, serving homeowners, renters, and professional customers. The company's business overview is described in Item 1 of the filing. No further operational details are provided in the supplied context.
Financial performance
Revenue was reported at a figure lower than the prior year, with an operating income and net income also disclosed. Cash flow from operations was also stated. The filing notes a negative revenue trend for the current period compared to the previous period.
Material risks
The filing includes a section on risk factors (Item 1A) but no specific risk details are extracted from the supplied text. The context indicates that unresolved staff comments and cybersecurity are also addressed. No further risk descriptions are available.
Liquidity and capital
The filing contains a 'Liquidity and Capital Resources' section, but no specific allocation themes or capital activities are detailed in the supplied context.
What to watch
Monitor the revenue trend in the next filing as the current period showed a decrease compared to the prior year.