Lowe's Companies, Inc. Reports Earnings Results for the Second Quarter Ended July 30, 2021
August 18, 2021 at 06:00 am EDT
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Lowe's Companies, Inc. announced earnings results for the second quarter ended July 30, 2021. For the second quarter, the company announced sales was USD 27,570 million compared to USD 27,302 million a year ago. Operating income was USD 4,210 million compared to USD 3,957 million a year ago. Net income was USD 3,018 million compared to USD 2,828 million a year ago. Basic earnings per share from continuing operations was USD 4.27 compared to USD 3.74 a year ago. Diluted earnings per share from continuing operations was USD 4.25 compared to USD 3.74 a year ago. For the half year, sales was USD 51,993 million compared to USD 46,977 million a year ago. Operating income was USD 7,455 million compared to USD 5,948 million a year ago. Net income was USD 5,340 million compared to USD 4,165 million a year ago. Basic earnings per share from continuing operations was USD 7.48 compared to USD 5.5 a year ago. Diluted earnings per share from continuing operations was USD 7.46 compared to USD 5.5 a year ago.
Lowe's Companies, Inc. is No. 2 worldwide in retail distribution of residential renovation products. Net sales break down by family of products as follows:
- decorative products (35.3%): especially kitchen accessories, surface coatings products and paint;
- building materials, woodworking and general plumbing products, electrical equipment, hardware products, etc. (32.4%);
- lawn and garden and outdoor decoration (29.7%);
- others (2.6%).
As of 31/01/2022, products are marketed through a network of 1,971 outlets located in the United States (1,737) and Canada (234).
The United Statesaccounts for 93.9% of net sales.
LOWE'S COMPANIES, INC. 
