Slides
Page 1
LOWE'S Q2 2021 RESULTS FINANCIAL HIGHLIGHTS $ 27.6B IN SALES + 1.0 % -2.2 % U.S. COMP SALES 2 - YEAR COMP + 32.0 % 33.78 % GROSS MARGIN -30 basis points 15.27 % OPERATING MARGIN +78 basis points $ 4.25 DILUTED EPS + 14 % WE RETURNED ~ $ 3.6 BILLION TO OUR SHAREHOLDERS THROUGH DIVIDENDS AND SHARE REPURCHASES U.S. COMPARABLE SALES SUMMARY TRANSACTIONS / TICKET COMP TRANSACTIONS -12.5 % + 10.3 % 2 - YEAR COMP + 8.0 % LOWES.COM SALES GROWTH + 7 % 2 - YEAR COMP + 151 % COMP AVERAGE TICKET > $ 500 $ 50-500 < $ 50 $ 93.68 COMP SALES BY TICKET SIZE -10.4 % -14.0 % + 17.2 % All 15 Regions Delivered 2 - Year Comp Growth over + 19 % Our strong results this quarter demonstrate that our Total Home strategy is working , with U.S. sales comps up 32 % on a two - year basis . In the quarter , we drove 21 % growth in Pro , 10 % growth in Installation Services and strong comps across Décor product categories . On Lowes.com , sales grew 7 % on top of 135 % growth last year . We also delivered significant operating margin expansion through our disciplined focus on driving productivity across the company . I would like to thank our front - line associates for their continued dedication to serving our customers and supporting safety in our stores . Looking forward , I am confident in the positive outlook for our industry , and our ability to drive operating margin expansion and market share gains . -Marvin R. Ellison , Chairman & CEO PRODUCT CATEGORY PERFORMANCE 2 - Year Comp exceeding 15 % in all product categories Above Company Average ( vs. Q2 2020 ) # 2021 LUMBER MONTHLY COMP PERFORMANCE 2020 푸 APPLIANCES ELECTRICAL KITCHENS & BATH U.S. MONTHLY COMP PERFORMANCE 2021 2020 -5.4 % MAY -6.4 % + 40.1 % 00 II + 41.5 % MAY FLOORING -1.2 % JUNE -1.8 % + 34.0 % + 34.4 % ROUGH PLUMBING JUNE + 2.8 % ON + 2.6 % DÉCOR + 27.4 % JULY + 28.2 % JULY MILLWORK