Lowe's: Q2 EPS slips

(CercleFinance.com) - Lowe's Companies has reported a 2.
4% drop in EPS to $4.56 for its second fiscal quarter (ending early August), on sales of nearly $25 billion, down 1.6% on a like-for-like basis. NB: pmt +2.6%.

A strong spring recovery, as well as growth in Pro and Internet sales, partially offset lumber deflation and lower discretionary demand for personal DIY, the home improvement chain said.

For the current financial year, Lowe's confirms that it expects adjusted EPS of $13.20 to $13.60, an adjusted operating margin of between 13.4% and 13.6%, and sales of around $87-89bb (-2 to -4% on a comparable basis).


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