(AOF) – Lowe’s made in the last quarter of 2021 a profit of 1.21 billion dollars, or 1.78 dollars per share, after 978 million, or 1.32 dollars per share, a year earlier at the same time. This is significantly better than the FactSet consensus which was targeting EPS of 71 cents. The DIY store chain also saw its turnover increase by 4.8% to 21.34 billion, again exceeding expectations of 20.93 billion dollars. On a like-for-like basis, sales increased by 5.1% (consensus of +4.1%).
For fiscal 2022, the company forecasts EPS of $13.10-13.60, above the FactSet consensus of $12.93, and revenue of $97-99 billion, versus expectations of 97 .14 billion.
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