Lowe's: lowe-rs annual targets
(CercleFinance.com) - With stronger-than-expected lumber deflation and weaker-than-expected DIY discretionary sales, Lowe's Companies says that it is reducing its FY guidance on its quarterly release.
For the current fiscal year, the home improvement chain now expects adjusted EPS of $13.20 to $13.60, an adjusted operating margin of 13.4% to 13.6%, and sales of about 87 to 89 billion dollars (-2% to -4% on a comparable basis).
Lowe's posted Q1 adjusted EPS that is up 5% to $3.67 on sales of $22.3bn, down 4.3% on a comparable basis, due in part to adverse weather conditions this spring.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
For the current fiscal year, the home improvement chain now expects adjusted EPS of $13.20 to $13.60, an adjusted operating margin of 13.4% to 13.6%, and sales of about 87 to 89 billion dollars (-2% to -4% on a comparable basis).
Lowe's posted Q1 adjusted EPS that is up 5% to $3.67 on sales of $22.3bn, down 4.3% on a comparable basis, due in part to adverse weather conditions this spring.
Copyright (c) 2023 CercleFinance.com. All rights reserved.