Lowe's Companies (LOW) Revenue — Quarter Ended Aug 2, 2024
Revenue for the quarter rose compared to the immediately preceding quarter, reflecting a sequential improvement. However, revenue was lower than the same quarter one year earlier, indicating a year-over-year decline.
Key takeaway
Quarter ended Aug 2, 2024 · FY2024 Q2
Revenue for the quarter rose compared to the immediately preceding quarter, reflecting a sequential improvement. However, revenue was lower than the same quarter one year earlier, indicating a year-over-year decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$23.6B
Revenue reported for this quarter.
Quarter-over-quarter
+10.4%
Change from the immediately preceding quarter.
Year-over-year
-5.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$84B
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 |
|---|---|---|
| Nov 3, 2023 | $20.5B | -12.8% |
| Feb 2, 2024 | $18.6B | -17.1% |
| May 3, 2024 | $21.4B | -4.4% |
| Aug 2, 2024 | $23.6B | -5.5% |
Revenue performance
The reported revenue increased from the prior quarter, but fell short of the level achieved in the same period last year.
Quarterly comparison
Compared with the prior quarter, revenue showed growth. Relative to the same quarter a year ago, revenue was down.
What to watch
The year-over-year revenue decline may warrant monitoring for sustained trends.