Categories Earnings, Retail

Lowe’s Companies, Inc. (LOW) Q4 2019 Earnings Snapshot

Lowe's Q4 2019 Earnings

— Lowe’s Companies, Inc. (NYSE: LOW) reported earnings of $0.94 per share in the fourth-quarter 2019 vs. $0.91 per share expected.  

— Q4 Sales grew 2.5% to $16 billion, versus $16.15 billion expected. Comparable sales for the US home improvement business rose 2.6% for the fourth quarter.

— CEO: Our sales growth was driven almost entirely by our U.S. brick and mortar stores, supported by our investments in technology.

— Expects total sales growth of 2.5% to 3% in fiscal year 2020. Comparable sales growth for this period expected between 3% and 3.5%. Adjusted EPS projected in the range of $6.45 to $6.65.

— LOW fell 3% during pre-market hours. 

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Also Read:  How at-home meals and quick-scratch cooking drove Campbell Soup (CPB) to a strong finish in FY2020

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