Insight Report 2 minutes PremiumLowe’s (LOW) 1Q16 Results: Company Reports Strong 1Q Comps Coresight Research May 18, 2016 Executive Summary Lowe’s reported adjusted 1Q16 EPS of $0.87, excluding an $0.11 benefit related to an unrealized gain on a foreign currency hedge, versus the consensus estimate of $0.85. Total revenues were $15.23 billion versus consensus of $14.87 billion. Comps were up 7.3% versus consensus of 4.7%. Comps for the US home improvement business increased by 7.5%. Both transactions and average ticket increased in the period, driving higher-than-planned sales. Management reaffirmed its full-year guidance for EPS of $4.00, excluding the $0.11 benefit related to an unrealized gain on a foreign currency hedge. That is based on expected revenue growth of 6%, which implies sales of $62.62 billion versus consensus of $62.73 billion. Comps are expected to increase by 4% versus consensus of 4.2%. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: November 2023 UK Retail Sales: Easing Inflation and Holiday Season Boost SalesRetail Shrink and ORC: Theft and Fraud Remain Top Challenges for Food RetailersDecoding the Future of Retail: Highlights from NextGen Commerce, a Coresight Research ConferenceUS and China E-Commerce—Retail 2024 Sector Outlook: Online Sales To Maintain Strong Growth Momentum