Lowe's Companies (LOW) Revenue — Quarter Ended Aug 4, 2023
Revenue rose from the immediately preceding quarter, reversing the prior sequential decline. However, revenue fell compared with the same quarter one year earlier.
Key takeaway
Quarter ended Aug 4, 2023 · FY2023 Q2
Revenue rose from the immediately preceding quarter, reversing the prior sequential decline. However, revenue fell compared with the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$25B
Revenue reported for this quarter.
Quarter-over-quarter
+11.7%
Change from the immediately preceding quarter.
Year-over-year
-9.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$93.2B
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 |
|---|---|---|
| Oct 28, 2022 | $23.5B | +2.4% |
| Feb 3, 2023 | $22.4B | +5.2% |
| May 5, 2023 | $22.3B | -5.5% |
| Aug 4, 2023 | $25B | -9.2% |
Revenue performance
Revenue increased sequentially, marking a recovery from the prior period's decline.
Quarterly comparison
Compared with the prior quarter, revenue improved; compared with the same quarter last year, revenue declined.
What to watch
The year-over-year decline persists even as the sequential trend turns positive.