Company Earnings UpdateLowe’s Companies, Inc. (NYSE: LOW) 2Q19 Results: Revenues and Comps Beat Consensus Estimates; Guidance Reaffirmed Coresight Research August 22, 2019 Executive Summary Lowe’s reported 2Q19 adjusted EPS of $2.15, up 3.9% and comfortably beating the $2.00 consensus estimate. Revenues were $20.99 billion, up 0.5% and ahead of the $20.93 billion consensus. Comps were 2.3%, beating the 1.7% consensus estimate. Gross margin contracted to 32.1% in 2Q19, compared to 33.0% in 2Q18. The company provided guidance for 2019, predicting revenue growth of around 2%, in line with the 1.7% consensus estimate, comps growth of approximately 3% and adjusted EPS of $5.45-5.65, in line with the consensus of $5.61. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Kroger and Instacart Expand Partnership To Advance Agentic Shopping and Accelerate Delivery EfficiencyDiwali’s Global Rise Is Reshaping the Retail Growth CycleDisrupting Retail: Lessons from SHEIN and TEMU on Redefining Consumer Engagement and Supply Chain InnovationGroceryshop 2025 Day Four: AI and Data Are Driving Shopper Journeys and Unified Organizations
