Company Earnings Update 3 minutesRegister for Free AccessLowe’s Companies (NYSE: LOW) 1Q19 Results: Revenues and Comps See Growth but Gross Margin Contracts Coresight Research May 28, 2019 Executive Summary Lowe’s reported 1Q19 adjusted EPS of $1.22, up 2.5% but considerably short of the $1.33 consensus estimate. Revenues were $17.74 billion, up 2.2% and ahead of the $17.64 billion consensus estimate. Comps were 3.5%, beating the 3.0% consensus estimate. Gross margin contracted to 31.5% in 1Q19, compared to 33.1% in 1Q18. The company outlined guidance for 2019 with revenue growth of around 2%, in line with the 1.6% consensus estimate, for comps growth of approximately 3% and adjusted EPS of $5.45-5.65, below the consensus of $5.78. 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: Consumer Avoidance Falls: China Consumer TrackerInnovator Profile: The Metav.rs Web3 Platform Helps Brands To Better Create and Manage Metaverse ExperiencesConsumers Shift Spending Toward Essential Categories: US Consumer Survey InsightsWeekly US and UK Store Openings and Closures Tracker 2023, Week 26: Walgreens Boots Alliance Drives Closures on Both Sides of the Atlantic
