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Lowe's: raises targets for 2022

(CercleFinance.com) - Lowe's Companies today announced that it has raised its EPS guidance for the year ahead to 13.
10-13.60 dollars, along with an operating margin of 12.8% to 13% and revenues of 97 billion dollars to 99 billion dollars.

The DIY chain reported Q4 adjusted EPS that is up 34% at 1.78 dollar on revenue of 21.3 billion dollars, up 5% like-for-like.

The group said that in 2021, it posted comparable sales growth of 6.9%, while increasing its operating margin over 170 bp, thanks to its continued focus on productivity and improved pricing strategies.



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