Company Earnings UpdateLowe’s (LOW) 2Q18 Results: Strong Quarter, Lowers Guidance After Orchard Supply Exit Coresight Research August 24, 2018 Executive Summary Lowe’s reported 2Q18 adjusted EPS of $2.07, up from $1.57 from the year-ago quarter and ahead of the $2.02 consensus estimate. Net sales were $20.89 billion, up 7.1% year over year and beating the $20.77 billion consensus estimate. Comps increased by 5.2%, driven by a 4.5% increase in average ticket, 0.6% increase in total transitions and positive in-store and online traffic numbers. Comp sales for the US were up 5.3%. Lowe’s lowered its full-year guidance, citing the negative impact of closing 99 Orchard Supply Hardware stores and reducing lower-performing inventory. The company now expects EPS of $4.50–$4.60, with comps increasing 3.0%, from EPS of $5.40–$5.50 and comps increasing 3.5% previously. 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: Earnings Insights 2Q25: Wrap-Up—Most Companies See Sales Improvement Despite Tariff ConcernsHigh-Income Consumers’ Economic Optimism at Five-Month Low; Holiday Shopping Accelerates: US Consumer Survey Insights3Q25 Earnings Season Wrap-Up: 84% of Companies Grow Sales, 77% Beat Top-Line Consensus in a Solid Quarter for Discount, Off-Price and Specialty ApparelWeekly US Store Openings and Closures Tracker 2025, Week 44: Carter’s To Close 150 Stores
