Lowe's Cos. (LOW) Reports In-Line Q4 EPS, Sales Beat

Lowe's Cos. (NYSE: LOW) reported Q4 EPS of $0.59, in-line with the analyst estimate of $0.59. Revenue for the quarter rose 5.6% to $13.2 billion versus the consensus estimate of $13.07 billion.

Comparable sales increased 5.2 percent.

"I am pleased that we delivered another solid quarter, driving increased traffic through competitive offers and creating strong value for customers," commented Robert A. Niblock, Lowe's chairman, president and CEO. "We capitalized on increased demand for exterior products as a result of warmer weather, while at the same time helped customers tackle interior projects, allowing us to deliver positive comps in all product categories.

"I would like to thank our employees for the incredible contributions they make every day through their hard work and commitment to delivering outstanding customer service," Niblock added. "In 2016, we will continue to leverage the favorable macroeconomic backdrop for home improvement, providing customers with complete solutions for their home improvement projects."

GUIDANCE:

Lowe's Cos. sees FY2016 EPS of approx. $4.00, versus the consensus of $3.97. Total sales are expected to increase approximately 6 percent, including the 53rd week. Comparable sales are expected to increase approximately 4 percent

For earnings history and earnings-related data on Lowe's Cos. (LOW) click here.

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