Lowe's companies q1 same store sales rose 11.2%

Lowe's reports first quarter 2020 sales and earnings results.lowe's companies - q1 same store sales rose 11.2%.q1 adjusted earnings per share $1.771.q1 earnings per share $1.76.q1 sales $19.7 billion versus refinitiv ibes estimate of $18.32 billion.q1 earnings per share estimate $1.32 -- refinitiv ibes data.withdrawing its financial guidance for fiscal year 2020..delivered "strong financial performance in q1, with continued sales momentum in may".as of may 1, 2020, lowe's operated 1,970 home improvement and hardware stores in united states and canada.there is limited visibility into future business trends.lowes.com sales increased 80% in quarter.does not expect to repurchase any more shares this year beyond what was executed in q1.qtrly u.s. comparable sales increased 12.3%.
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