Lowe's Cos. (LOW) Misses Q1 EPS by 4c; Comps Rose 5.3%
Get Alerts LOW Hot Sheet
Price: $229.78 -1.62%
Revenue Growth %: -5.4%
Financial Fact:
Diluted earnings per common share: 0.43
Today's EPS Names:
CP, RUSHA, SEIC, More
Revenue Growth %: -5.4%
Financial Fact:
Diluted earnings per common share: 0.43
Today's EPS Names:
CP, RUSHA, SEIC, More
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Lowe's Cos. (NYSE: LOW) reported Q1 EPS of $0.70, $0.04 worse than the analyst estimate of $0.74. Revenue for the quarter came in at $14.1 billion versus the consensus estimate of $14.27 billion.
Comparable sales for the U.S. home improvement business increased 5.3 percent.
Fiscal Year 2015 (comparisons to fiscal year 2014; based on U.S. GAAP unless otherwise noted)
- Total sales are expected to increase 4.5 to 5 percent.
- Comparable sales are expected to increase 4 to 4.5 percent.
- The company expects to open 15 to 20 home improvement and hardware stores.
- Earnings before interest and taxes as a percentage of sales (operating margin) are expected to increase 80 to 100 basis points.
- The effective income tax rate is expected to be approximately 38.1%.
- Diluted earnings per share of approximately $3.29 are expected for the fiscal year ending January 29, 2016. (The Street sees EPS of $3.31.
For earnings history and earnings-related data on Lowe's Cos. (LOW) click here.
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