Similar companies
| Company | Revenue | |
|---|---|---|
 |
Dollar GeneralDG |
10.2B 3.7% |
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 23.2B | 10.6% |
| Gross Profit | 7.9B | 11.4% |
| Cost of Revenue | 20.1B | 7.6% |
| Operating expense | 4.45B | 0.2% |
| Net Income | 2.38B | 35.8% |
| EBITDA | 3.55B | 14.6% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 44.9B | 1% |
| Total Liabilities | 58.7B | 2.1% |
| Shares Outstanding | 568M | 0.7% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 3.15B | 26% |
| Cash from investing | -422M | 11.6% |
| Cash from financing | -1.61B | 2.6% |
EPS
Financial Highlights for Lowe's in Q3 '24
Lowe's reported a revenue of 23.2B, which is a 10.6% 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 7.9B, marking a 11.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 20.1B, a 7.6% 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 4.45B, showing a 0.2% 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 2.38B, showing a 35.8% 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 3.55B, showing a 14.6% 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.
