Company Earnings UpdateLowe’s Companies, Inc. (NYSE: LOW) 2Q19 Results: Revenues and Comps Beat Consensus Estimates; Guidance Reaffirmed Coresight Research August 22, 2019 Executive Summary Lowe’s reported 2Q19 adjusted EPS of $2.15, up 3.9% and comfortably beating the $2.00 consensus estimate. Revenues were $20.99 billion, up 0.5% and ahead of the $20.93 billion consensus. Comps were 2.3%, beating the 1.7% consensus estimate. Gross margin contracted to 32.1% in 2Q19, compared to 33.0% in 2Q18. The company provided guidance for 2019, predicting revenue growth of around 2%, in line with the 1.7% consensus estimate, comps growth of approximately 3% and adjusted EPS of $5.45-5.65, in line with the consensus of $5.61. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Earnings Insights 4Q24, Week 6: Sales Decline for Kroger, Macy’s, Ross Stores and Other Retailers—InfographicFinancial Sentiment Turns Negative; Tariff Pessimism Deepens; Inflationary Trade-Down Persists: US Consumer Survey InsightsUS CPG Sales Tracker: Jump in Food Sales Fuels Total CPG GrowthThree Data Points We’re Watching This Week, Week 34: US Retail Sales Outlook
