# LOWE’S COMPANIES, INC. (LOW) FY2024 Q1 P&L / Income Statement

- Company: LOWE’S COMPANIES, INC. (LOW)
- Period: 2024-02-03 to 2024-05-03
- Filing: Q1 FY2024 10-Q, filed 2024-05-30, accession number 0000060667-24-000085
- Page: https://plicit.ai/financials/low/fy2024-q1-income-statement
- Chart image: https://plicit.ai/charts/low-fy2024-q1-income-statement-sankey.png

## Chart details: Revenue by Product and Service (4 categories)

Income statement for 2024-02-03 through 2024-05-03. View: Product and service (4 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 21,364,000,000 US dollars
- **Cost of sales**: 14,274,000,000 US dollars
- **Gross margin**: 7,090,000,000 US dollars
- **Operating expenses (calculated)**: 4,437,000,000 US dollars
- **Operating income**: 2,653,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 352,000,000 US dollars
- **Pre-tax earnings**: 2,301,000,000 US dollars
- **Income tax provision**: 546,000,000 US dollars
- **Net earnings**: 1,755,000,000 US dollars
- **Home Decor**: 7,683,000,000 US dollars
- **Building Products**: 6,643,000,000 US dollars
- **Hardlines**: 6,628,000,000 US dollars
- **Other**: 410,000,000 US dollars
- **Selling, general and administrative**: 4,009,000,000 US dollars
- **Depreciation and amortization**: 428,000,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Product and Service (3 categories)

- Page: https://plicit.ai/financials/low/fy2024-q1-income-statement/revenue-by-product-and-service-3-categories
- Chart image: https://plicit.ai/charts/low-fy2024-q1-revenue-by-product-and-service-3-categories-sankey.png

Income statement for 2024-02-03 through 2024-05-03. View: Product and service (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 21,364,000,000 US dollars
- **Cost of sales**: 14,274,000,000 US dollars
- **Gross margin**: 7,090,000,000 US dollars
- **Operating expenses (calculated)**: 4,437,000,000 US dollars
- **Operating income**: 2,653,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 352,000,000 US dollars
- **Pre-tax earnings**: 2,301,000,000 US dollars
- **Income tax provision**: 546,000,000 US dollars
- **Net earnings**: 1,755,000,000 US dollars
- **Products**: 20,691,000,000 US dollars
- **Services**: 532,000,000 US dollars
- **Other**: 141,000,000 US dollars
- **Selling, general and administrative**: 4,009,000,000 US dollars
- **Depreciation and amortization**: 428,000,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.