Lowe’s Net Worth 2024 & Wiki Latest Update

Lowe’s Net Worth

Lowe’s Wiki

Lowe’s doing a business company name as Lowe’s is an American company that is especial in-home development. In addition, Lowe’s company is the 2nd largest chain all over the world.  In 1921, the first Lowe’s store Hardware that is opened in North Carolina.

Unfortunately in 1940 Lowe’s death, after that his daughter Ruth belongs to all the property of Lowe. In that year she has sold all the property to Jim. Jim was a brother of Ruth. After that Jim took a partner that is Carl Buchan in 1943. In 1952, Buchan became the owner of Lowe’s company. After that Lowe became to start the grocery chain in 1954.

Who owns Lowe’s?

In 1955, Buchan working very hard and very fast and expand the company. In 1950, Buchan has open many stores. By opening stores has more benefits for Buchan. In 1952, Buchan has the sole owner of Lowe’s company.

Unfortunately, Buchan has died at the age of 44 in 1961. Lowe’s operates 21 stores and reported the total revenue is 32million. Buchan, anticipating after World War 2, That America needs for recreates, and sold the hardware, appliances.  On 5th November Lowe’s announced that the 51 performing chains will be closed, and 20 stores will be closed in the US and 31 stores also will be closed in Canada. Lowe’s also announced that all the Mexico stores will be closed.

How much is Lowe’s Net Worth?

Here are some figures are help the investors to assess Lowe’s current value

What Lowe’s Is Worth
Lowe’s Share Price, 52-Week Range $70.76-$108.98
Lowe’s Market Cap, 52-Week Range $58.4B-$90B
2017 Revenue $68.6B
2017 Profit $3.4B
Go Banking Rates Evaluation of
Lowe’s
$53.1B
All information on the 52-week range accurate as of June 5, 2018.

Financial Year 2024 (comparisons to the financial year 2018)

  • Just around about 2 percent of total sales are increased.
  • By comparison, the total sales are awaiting a 3 percent increase.
  • By percentage of sales (gross margin) the gross income increases 310 to 340.
  • Adjust the gross income as a percent of sales increases 20 to 50 points.
  • Roundabout 24 percent is excepted for the successful income rate.
Three Months Ended
May 3, 2024 May 4, 2018
Current Earnings Amount % Sales Amount % Sales
Net sales $ 17,741 100.00 $ 17,360 100.00
Cost of sales 12,160 68.54 11,612 66.89
Gross margin 5,581 31.46 5,748 33.11
Expenses:
Selling, general and administrative 3,862 21.77 3,934 22.66
Depreciation and amortization 302 1.70 349 2.01
Operating income 1,417 7.99 1,465 8.44
Interest – net 162 0.92 160 0.92
Pre-tax earnings 1,255 7.07 1,305 7.52
Income tax provision 209 1.17 317 1.83
Net earnings $ 1,046 5.90 $ 988 5.69
Weighted  – basic 796 825
Basic earnings per common share (1) $ 1.31 $ 1.19
Weighted average common shares outstanding – diluted 797 826
Diluted earnings per common share (1) $ 1.31 $ 1.19
Cash dividends per share $ 0.48 $ 0.41
Retained Earnings
Balance at beginning of the period $ 3,452 $ 5,425
The cumulative effect of accounting change (263) 33
Net earnings 1,046 988
Cash dividends declared (382) (338)
Share repurchases (758) (703)
Balance at end of the period $ 3,095 $ 5,405

Carl Buchan Net Worth

Sailor William Carl Buchan’s total net worth of $1 Million – $5 Million in 63 years old. He has earned the money being a boatman. He belongs to the United States.

Estimated Net Worth in 2024 $1 Million – $5 Million (Approx.)
Previous Year’s Net Worth (2018) $100,000 – $1 Million
Annual Salary Under Review.
Income Source Primary Income source Sailor (profession).

Age, Height & Weight

William Carl Buchan has 63 years old that is the current age. William Carl Buchan’s height Untold and also the right weight is Not Available.

Short Profile
First Name William
NickName Known
Last Name Buchan
Profession Sailor
Age 63 years old
Birth Sign Aquarius
Birth Date December 23, 1956
Birth Place Seattle
Country United States

Lowe’s Market Cap Range

Market capitalization considered that all the company stock in order to gauge its worth. With the height cap, the investors associated more values for the company.

Up Next

Some of the banks that are largest in the United States, including Well Fargo & the Co., hold tens of millions of shares with Lowe’s. Lowe’s is the biggest shareholder with more than 65,000,000 shares.

Finances

For the financial year in 2018, Lowe’s reported that earnings of US$3.436 billion, with the annual revenue, is US$68.619 billion, an increase of 5.5% over the last fiscal cycle.

Year Revenue
in mil. USD$
Net income
in mil. USD$
Total Assets
in mil. USD$
Price per Share
in USD$
Employees Stores
2005 36,464 2,167 21,138 24.62 162,000 1,087
2006 43,243 2,765 24,639 25.08 185,000 1,234
2007 46,927 3,105 27,767 24.40 210,000 1,385
2008 48,283 2,799 30,869 18.77 216,000 1,534
2009 48,230 2,184 32,625 17.16 229,000 1,649
2010 47,220 1,770 33,005 19.86 239,000 1,710
2011 48,815 1,993 33,699 20.67 234,000 1,749
2012 50,208 1,824 33,559 26.56 248,000 1,745
2013 50,521 1,945 32,666 39.50 245,000 1,754
2014 53,417 2,270 32,732 47.84 262,000 1,832
2015 56,223 2,682 31,721 67.59 266,000 1,840
2016 59,074 2,534 31,266 71.22 270,000 1,857
2017 65,017 3,064 34,408 77.66 290,000 2,365
2018 68,619 3,436 35,291 96.71 310,000 2,394

Although the market cap has given you and make a sense of what are the market values of business at. The number is built on the market view. Which is built on the multitude of consumer variables and the market players?

Based on Lowe’s revenue and also based on all the profit of the previous three years, Lowe’s all worth is only $53.1 billion.

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