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LOWE'S® August 18 , 2021 LOWE'S REPORTS SECOND QUARTER 2021 SALES AND EARNINGS RESULTS - Consolidated Comparable Sales Decreased 1.6 % ; U.S. Comparable Sales Decreased 2.2 % Represents U.S. Comparable Sales Increase on a Two - Year Basis of 32.0 % - - Second Quarter Diluted EPS of $ 4.25 - Raises Fiscal 2021 Financial Outlook MOORESVILLE , N.C. -Lowe's Companies , Inc. ( NYSE : LOW ) today reported net earnings of $ 3.0 billion and diluted earnings per share ( EPS ) of $ 4.25 for the quarter ended July 30 , 2021 compared to net earnings of $ 2.8 billion and diluted EPS of $ 3.74 in the second quarter of 2020. Excluding charges in the prior - year period related to the strategic review of certain operations , second quarter diluted EPS of $ 4.25 increased 13 % from adjusted diluted EPS of $ 3.75 in the second quarter of 2020¹ . Total sales for the second quarter were $ 27.6 billion compared to $ 27.3 billion in the second quarter of 2020 , and comparable sales decreased 1.6 % . Comparable sales for the U.S. home improvement business decreased 2.2 % for the second quarter . For the sixth consecutive quarter , 100 % of Lowe's stores earned a Winning Together profit - sharing bonus , resulting in an expected total payout of $ 91 million to front - line hourly associates . This payment is $ 20 million above the target level . " 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 , " commented Marvin R. Ellison , Lowe's chairman , president and CEO . " 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 . " Capital Allocation The Company continues to leverage its disciplined capital allocation program to deliver long - term , sustainable shareholder value . During the quarter , the Company repurchased 16.4 million shares for $ 3.1 billion and paid $ 430 million in dividends . As of July 30 , 2021 , Lowe's operated 1,973 home improvement and hardware stores in the United States and Canada representing 208 million square feet of retail selling space , and it serviced approximately 230 dealer - owned stores . ¹ Adjusted diluted earnings per share is a non - GAAP financial measure . Refer to the " Non - GAAP Financial Measures Reconciliation " section of this release for additional in formation as well as reconciliations between the Company's GAAP and non - GAAP financial results .