Lowe's: easily beats consensus in Q1

(CercleFinance.com) - Lowe's Companies has reported Q1 net income of 1.
34 billion dollars, or 1.76 dollar per share. Adjusted EPS increased 45% to 1.77 dollar, 50 cents above the consensus.

The DIY chain saw its revenues increase by 11.3% on a reported basis to 19.7 billion dollars, including a 12.3% increase on a comparable basis for the home improvement business in the United States.

Despite this performance, which is described as vigorous, and a continuation of the sales momentum seen in May, the Mooresville (North Carolina) based group is withdrawing its targets for the year in view of its limited visibility in an unprecedented environment.


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