Lowe's: raises full-year outlook

(CercleFinance.com) - On its quarterly earnings call, Lowe's Companies said that it is now targeting adjusted EPS of $13.
65 to $13.80 for this financial year, up from a previous range of $13.10 to $13.60.

The home improvement chain expects an adjusted operating margin of 13% on total sales of about 97 to 98 billion dollars, with comparable sales either flat to down 1% y-o-y.

Lowe's reported Q3 adjusted EPS that is up 19.8% to $3.27 on total sales of 23.5 billion dollars, up 2.2% LFL (+3% for the US home improvement business).


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