Company Earnings Update 3 minutesRegister for Free AccessLowe’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? Register for a free user account. This document was generated for Other research you may be interested in: Unveiled at CES 2023: 15 Cool Products Plus Bonus Launchit JETRO InnovatorsSeasonal Shopping, 2Q24—Expectations for Memorial Day, Mother’s Day, Father’s Day and Holiday 2024: US Consumer Survey Insights ExtraIntroducing the New “Tech 25”: Retail-Tech Companies To Watch in 2024 and Beyond—Infographic99 Cents Only and Family Dollar Store Closures: Implications from Shopper Profiles and Store Locations