Lowe's is headed for another year of double-digit earnings-per-share growth in 2022.

Compare Lowe's diluted EPS for fiscal 2022 (ended around 3 February 2023) with fiscal 2021. 'Double-digit' means growth of 10% or more. The primary basis is the adjusted diluted EPS that Lowe's headlines in its results. TRUE: adjusted diluted EPS grew 10% or more year on year. MOSTLY TRUE: adjusted EPS growth was 10% or more but GAAP diluted EPS growth was below 10%, or vice versa where only GAAP is available. MOSTLY FALSE: growth was positive but just under 10% (about 8–9.9%) on the adjusted basis. FALSE: adjusted EPS growth was below about 8%, or EPS fell. Any formal restatement of the figures governs.

Set before the research began.

1. E1 2022 Annual Report Lowe's Companies, Inc. (as filed with the SEC)

   “$10.17 DILUTED EPS $13.81 ADJUSTED DILUTED EPS2”

2. E2 2022 Annual Report Lowe's Companies, Inc. (filed with the SEC)

   “$10.17 DILUTED EPS $13.81 ADJUSTED DILUTED EPS2”

3. E3 Lowe's Companies (LOW) Financials 2026 - Income Statement and Balance Sheet $LOW MarketBeat · 27 August 2026

   “| Diluted Earnings per Share | | $2.73 | $3.47 | $4.09 | $2.84 | $5.49 | $7.75 | $12.04 | $10.17 | $13.20 | $12.23 | $11.85 |”

4. E4 Lowe's Companies (LOW) Financials 2026 - Income Statement and Balance Sheet $LOW MarketBeat · 27 August 2026

   “| Adjusted Diluted Earnings per Share | | $2.73 | $3.47 | $4.09 | $2.84 | $5.49 | $7.75 | $12.04 | $10.17 | $13.20 | $12.23 | $11.85 |”

5. E5 LOWE'S REPORTS FOURTH QUARTER 2022 SALES AND EARNINGS RESULTS PR Newswire (issued by Lowe's Companies, Inc.) · 1 March 2023

   “Excluding the pre-tax transaction costs associated with the sale of our Canadian retail business, fourth quarter adjusted diluted EPS1 increased 28% to $2.28 compared to the prior year.”

6. E6 LOWE'S REPORTS FOURTH QUARTER 2022 SALES AND EARNINGS RESULTS PR Newswire (issued by Lowe's Companies, Inc.) · 1 March 2023

   “Net earnings allocable to common shares used in the basic and diluted earnings per share calculation were $6,416 million for the fiscal year ended February 3, 2023, and $8,409 million for the fiscal year ended January 28, 2022.”

7. E7 LOWE'S REPORTS FOURTH QUARTER 2022 SALES AND EARNINGS RESULTS PR Newswire (issued by Lowe's Companies, Inc.) · 1 March 2023

   “In the fourth quarter of fiscal 2022, the Company recognized pre-tax transaction costs totaling $441 million, consisting of the loss on the sale and other closing costs associated with the sale of the Canadian retail business (Canadian retail business transaction costs).”

The evidence gives fiscal 2022 adjusted diluted EPS of $13.81 and GAAP diluted EPS of $10.17 (E1, E2), and fourth-quarter adjusted EPS growth of 28% (E5). It gives no fiscal 2021 adjusted diluted EPS, and the $12.04 figure has no year label (E3, E4), so full-year adjusted EPS growth, which the criteria use as the primary basis, cannot be worked out.