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Company Earnings Update

Lowe’s (NYSE: LOW) Fiscal 4Q18 Results: Mixed Results and In-Line Guidance, Yet Many Opportunities for Improvement in 2019

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Coresight Research

Key Points

  • Lowe’s reported adjusted fiscal 4Q18 EPS of $0.80, up 8.1% year over year and beating the consensus estimate by a penny. Revenues were $15.65 billion, up 1.0% but below the $15.75 consensus estimate.
  • Comps were 1.7%, below the 2.1% consensus estimate. US home-improvement comps increased 2.4%. Online comps increased 11%.
  • For FY19, the company guided for 2% sales growth (slightly above the 1.8% consensus estimate), 3% comps growth and EPS of $6.00-$6.10, in line with the $6.04 consensus estimate.

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