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Lowe’s (LOW) 4Q15 Results: Solid and Balanced Results Across Regions and Product Categories

Executive Summary

  • Lowe’s reported 4Q15 revenues of $13.2 billion, up 5.6% from $12.5 billion in 4Q14 and slightly higher than the consensus estimate of $13.1 billion. Total comps increased by 5.2%, while comps for the US home improvement business increased by 5.5%.
  • Adjusted EPS was $0.59, up 28.3% from the year-ago quarter and in line with consensus.
  • The company guided for 2016 sales growth of 6%, based on 4% growth in comparable sales, and for EPS of $4.00.

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