Lowe's Q1 Results

WAH Consulting
May 31, 2019
1 min read

Beat on Revenue and out Comp THD But miss Gross Margin Lowe's (NYSE:LOW) reports comparable-store sales rose 3.5% in Q1 vs. consensus of +3%. Comp for the U.S. home improvement business grew 4.2%. Gross margin rate down 165 bps to 31.46%. Merchandise inventory +13.8% to $15.03B.

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