Lowe's total sales in fiscal 2022 are expected to reach 96 billion!

Recently, the American home improvement company Lowe's announced its outlook for fiscal year 2022. The announcement shows that Lowe's will accelerate market share growth in DIY and Pro through an overall home strategy , and its board of directors will increase the share repurchase authorization to US$20 billion , and the number of shares repurchased in 2022 will reach US$12 billion .

In this announcement, Lowe's mainly explained the financial outlook and capital allocation for 2022, which it plans to review in the future .

For the full year 2021 , Lowe's forecasts total sales of approximately $95 billion, equivalent to a comparable sales increase of approximately 33% in two years ; gross profit margin of 33.10%, an upward trend compared to 2020. Operating income as a percentage of sales (operating profit margin) will reach 12.4% .

Data shows that Lowe's total sales will be between $94 billion and $97 billion , and total sales in the 53rd week are expected to increase by approximately $1 billion to $1.5 billion.

Marvin R. Ellison, Chairman, President and CEO of Lowe's , said they are confident in the long-term growth prospects of the home improvement market and the company is continuing to invest to continue to win the favor of Pro and DIY customers.

For next year, the company will further expand its operating profit margin and will generate strong cash flow and higher return on investment .

Based on its confidence in the company's continued growth trajectory and cash flow generation capabilities, Lowe's Board of Directors has authorized a new $ 13 billion common stock repurchase program with no expiration date and increases the balance of the previous program, which was $7.3 billion .

As of December 14, 2021, Lowe's currently has total share repurchase authorization of approximately $20 billion .

Lowe's is a Fortune 50 home improvement company that serves 20 million customers per week. According to public data, its sales in the United States and Canada in fiscal 2020 were close to $90 billion .

However, regarding the data released this time, Lowe's also stated that various potential risks, uncertainties and other factors may affect the estimated data released this time.

Lowe's

sFiscal Year 2022

96 billion