Lowe's Companies (LOW) Revenue — Quarter Ended Nov 1, 2024
Revenue for the quarter declined, reflecting a downturn from both the immediately preceding quarter and the same period one year earlier. The decrease marks a reversal from the prior quarter's performance.
Key takeaway
Quarter ended Nov 1, 2024 · FY2024 Q3
Revenue for the quarter declined, reflecting a downturn from both the immediately preceding quarter and the same period one year earlier. The decrease marks a reversal from the prior quarter's performance.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$20.2B
Revenue reported for this quarter.
Quarter-over-quarter
-14.5%
Change from the immediately preceding quarter.
Year-over-year
-1.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$83.7B
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 |
|---|---|---|
| Feb 2, 2024 | $18.6B | -17.1% |
| May 3, 2024 | $21.4B | -4.4% |
| Aug 2, 2024 | $23.6B | -5.5% |
| Nov 1, 2024 | $20.2B | -1.5% |
Revenue performance
The revenue contraction this quarter stands in stark contrast to the growth seen in the prior quarter, continuing a trend of volatility. The decline is the largest sequential drop in recent quarters.
Quarterly comparison
Compared to the immediately preceding quarter, revenue fell sharply, while the year-over-year comparison also showed a decline, albeit a smaller one. Both comparisons indicate a weaker performance this quarter.
What to watch
Monitor whether the revenue decline persists in the upcoming quarter or if the business can stabilize.