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LOWE’S (LOW) 1Q18 Results: Misses Consensus but Raises Annual Revenue Growth Guidance

Executive Summary

  • Lowe’s reported 1Q18 adjusted EPS of $1.19, up by 15.5% year over year, but missing the consensus estimate by two cents. Net sales were $17.36 billion, up by 3.0% year over year, but below the $17.46 billion consensus estimate.
  • Comps increased by 0.6%, missing the 3.2% consensus estimate.
  • Lowe’s reaffirmed its EPS guidance of $5.40–$5.50 and its comp guidance of up 3.5% and raised its revenue growth guidance to 5% from 4%.

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