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Company Earning Updates 3 minutes

Lowe’s Companies, Inc. (NYSE: LOW) 2Q19 Results: Revenues and Comps Beat Consensus Estimates; Guidance Reaffirmed

Coresight Research

Key Points

  • 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.

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