Lowe’s has reported Q2 2019 results for the period ended August 2, 2019.

  • Net Sales has increased 0.5% to USD21.0 billion compared to Q2 2018.
  • Comparable sales for the quarter increased 2.3% overall and 3.2% in the U.S.
  • Operating income increased 11.3% to USD2.4 billion
  • Average ticket increased 2.0%
  • Transactions declined 2.7%

 Based on its year-to-date performance, the Company maintained its fiscal 2019 guidance.

  • Sales are expected to grow 2%.
  • Comps are expected to grow approximately 3%.
  • Earnings per share expected to be in the range of USD5.54 and USD5.74.
  • Operating margin is expected to increase 310 to 340 basis points.
  • Adjusted operating margin is expectd to increase 20 to 50 basis points.

As of August 2, 2019, Lowe’s operated 2,003 stores across the United States and Canada.

Source: Lowe's