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Lowe's: Q1 EPS up 9%

( - Home improvement retailer Lowe's Companies has reported a 9.
3% increase in Q1 EPS to 3.51 dollars on sales of 23.7 billion dollars, which are actually down 4% LFL.

The group said that its sales were hurt by a cool spring, although it is pleased with better trends in May, pointing out that its operating margin had improved by over 65 bp.

Lowe's Companies confirmed its guidance for the current fiscal year, which includes EPS of 13.10 to 13.60 dollars, an operating margin of 12.8% to 13% and revenue of 97 to 99 billion dollars.

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