Company Earnings Update 3 minutesRegister for Free AccessLowe’s (LOW) 1Q17 Results: Miss on EPS and Sales Yet Growth Continues Coresight Research May 25, 2017 Executive Summary Lowe’s reported 1Q17 adjusted EPS of $1.03, up 18.4% from the year-ago quarter, but below the $1.06 consensus estimate. The company reported revenue of $16.86 billion, below the $16.95 billion consensus estimate, but up 10.7% from the year-ago quarter. Same-store sales rose by 9% during the quarter, below the 3.1% consensus estimate. Comp sales for the US were up 2%. Comps were driven by a 3.5% increase in average ticket, which was partially offset by a 1.5% decline in customer transactions due to weaker performance in outdoor categories. The company reaffirmed its FY17 revenue guidance of an increase of 5%, implying $68.27 billion in full-year revenue, slightly below the $68.36 billion consensus estimate. Lowe’s expects full-year comp growth of 3.5% versus the 3.6% consensus estimate. The company lowered its FY17 EPS guidance and now expects EPS of $4.30 versus prior guidance of $4.64 and compared with the $4.65 consensus estimate. 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: 4Q22 US Retail Inventory Tracker: Inventory Turnover Ratios Improve for Many RetailersEnclosed Malls Draw More Shoppers Amid Festive Season: US Consumer Survey Insights 2023, Week 52Head-to-Head in UK Apparel Retailing: Boohoo vs. PrimarkOnline Shopping in Focus—Amazon Is the Clear Winner; Walmart Is a Distant Second: US Consumer Survey Insights