LOW - These Analysts Cut Their Forecasts On Lowe's After Q1 Results | Benzinga
Lowe’s Companies Inc (NYSE:LOW) reported better-than-expected first-quarter financial results on Tuesday.
The company reported a first-quarter FY24 sales decline of 4.4% year-on-year to $21.364 billion, beating the analyst consensus estimate of $21.123 billion. EPS of $3.06 beat the analyst consensus estimate of $2.94, according to data from Benzinga Pro.
Comparable sales decreased 4.1% due to a decline in DIY big ticket discretionary spending was partially offset by positive comparable sales in Pro and online.
"We are pleased with our start to spring, driven by strong execution and enhanced customer service," said Marvin R. ...