Lowe's: Q2 adjusted EPS up almost 4%

(CercleFinance.com) - Lowe's Companies has reported Q2 earnings of 1.
7 billion dollars, or 2.14 dollars per share.
Adjusted for costs relating to the closure of retail activities in Mexico, EPS rose 3.9% to 2.15 dollars.

The DIY store chain saw its revenues inch up 0.5% to 21 billion dollars, including 2.3% like-for-like growth (+3.2% for its residential renovation business in the US).

For the current fiscal year, the North Carolina-based group confirms that it expects adjusted EPS of 5.45 dollars to 5.65 dollars, as well as approximately 2% sales growth (approximately 3% in comparable terms).


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