Lowe’s Companies, Inc. (NYSE:LOW) reported generally mixed Q2 results and tweaked somewhat lower financial expectations for the balance of 2022.
EPS came in at $4.67, better than the Street estimate of $4.59. Revenue was $27.5 billion, compared to the Street estimate of $28.14 billion.
The company expects full 2022-year EPS in the range of $13.10-$13.60, compared to the Street estimate of $13.39. Full-year revenue is expected to be in the range of $97-99 billion, compared to the Street estimate of $97.5 billion.
Overall, while sales at Lowe’s tracked modestly below Street expectations and softer than the figures posted by Home Depot yesterday, trends at the chain are holding up well and much better than feared. This suggests underlying strength in the now more optimally-positioned LOW business model.
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