Lowe's Companies (LOW) Revenue — Quarter Ended Feb 3, 2023
Revenue for the quarter declined sequentially but rose compared with the same period last year.
Key takeaway
Quarter ended Feb 3, 2023 · FY2022 Q4
Revenue for the quarter declined sequentially but rose compared with the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$22.4B
Revenue reported for this quarter.
Quarter-over-quarter
-4.4%
Change from the immediately preceding quarter.
Year-over-year
+5.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$97.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Apr 29, 2022 | $23.7B | -3.1% |
| Jul 29, 2022 | $27.5B | -0.3% |
| Oct 28, 2022 | $23.5B | +2.4% |
| Feb 3, 2023 | $22.4B | +5.2% |
Revenue performance
Compared with the immediately preceding quarter, revenue contracted, reflecting a sequential downturn.
Quarterly comparison
Relative to the same quarter one year earlier, revenue improved, marking a year-over-year increase.
What to watch
The mixed sequential and annual trends warrant monitoring of underlying demand drivers.