Boston, MA, 02/27/2014 – Lowe’s Companies, Inc. (NYSE:LOW) reports strong fourth quarter earnings. The company has seen strong growth in this sector following a revival of sorts in the US housing sector. The company had earlier in the third quarter too reported healthy returns as well, riding on adjusted earnings of 19.2%. The earnings for this quarter have been in-line with Consensus Estimates.
Lowes Outlook for new fiscal
Lowe’s Companies, Inc. (NYSE:LOW) has indicated that it expects a 5-4% growth on the year to year comparison.
Lowe’s Companies, Inc. (NYSE:LOW) results, are at 29 cents per share, if he 2 cents related to long-lived asset impairments are to be included. The increase for this stock on the revenue front was close to 5.6% as the total revenue saw an increase from $11,660 million reaching $11,645 million. Additionally, the comparable-store increase in sales was 3.9%, which the company consolidated on a quarterly basis.
Lowe’s Companies, Inc.(NYSE:LOW) has seen an top-line growth on year to year basis, based on the capitalization of the domestic housing sector. As the US housing sector grew at admirable rates, the company’s capitalization has seen a rebound in the domestic market. The gross profit for the company has been at 6.8% for the year to year comparison, leading to $4.042 million. The gross profit margin is 40 basis points and will relate to 34.67%. These are lowered cost of sales on the percentage of net sales comparison.
Lowe’s Companies, Inc. (NYSE:LOW) has generated net sales to the tune of $53,417 million for the quarter. This is up by 5.7% over the previous quarter in comparison. For Lowe the overall cash position was good as well. The cash equivalent is $391 million, which is the long-term debt. This does not include the current maturities which are nearly $10,086 million. Additionally, the shareholders’ equity is $11,853 million, closing at capitalization ratio of 46%.