Lowe's's gross profit for the
three
months ended in Jan. 2024 was $6,027 Mil. Lowe's's gross profit for the trailing twelve months (TTM) ended in Jan. 2024 was $28,844 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Lowe's's gross profit for the
three
months ended in Jan. 2024 was $6,027 Mil. Lowe's's Revenue for the
three
months ended in Jan. 2024 was $18,602 Mil. Therefore, Lowe's's Gross Margin % for the quarter that ended in Jan. 2024 was 32.40%.
Lowe's had a gross margin of 32.40% for the quarter that ended in Jan. 2024 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Lowe's was 34.82%. The lowest was 31.80%. And the median was 33.27%.
Lowe's Gross Profit Historical Data
The historical data trend for Lowe's's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Home Improvement Retail subindustry, Lowe's's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Lowe's's Gross Profit Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Lowe's's Gross Profit distribution charts can be found below:
* The bar in red indicates where Lowe's's Gross Profit falls into.
Lowe's Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Lowe's's Gross Profit for the fiscal year that ended in Jan. 2024 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $28,844 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Lowe's's Gross Margin % for the quarter that ended in Jan. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Lowe's (NYSE:LOW) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Lowe's had a gross margin of 32.40% for the quarter that ended in Jan. 2024 => Competition eroding margins
Lowe's Gross Profit Related Terms
Thank you for viewing the detailed overview of Lowe's's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers as well as commercial and professional business clients (around 25% of sales). We estimate Lowe's captures a low-double-digit share of the domestic home improvement market, based on U.S. Census data and management's market size estimates.
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