Similar companies
Company | Revenue | |
---|---|---|
![]() |
Dollar GeneralDG |
9.84B 0.6% |
Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 21B | 15.2% |
Gross Profit | 7.09B | 17.6% |
Cost of Revenue | 18.7B | 10.6% |
Operating expense | 4.44B | 2.3% |
Net Income | 1.76B | 72.1% |
EBITDA | 3.1B | 44% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 45.4B | 8.5% |
Total Liabilities | 60B | 5.5% |
Shares Outstanding | 572M | 0.3% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 4.26B | 284.7% |
Cash from investing | -378M | 36.5% |
Cash from financing | -1.57B | 95.5% |
EPS
Financial Highlights for Lowe's in Q2 '24
Lowe's reported a revenue of 21B, which is a 15.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 7.09B, marking a 17.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 18.7B, a 10.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 4.44B, showing a 2.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.76B, showing a 72.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 3.1B, showing a 44% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Lowe's with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.