Why Analysts Expect Lowe’s Revenues to Rise in Q1 2018

Analysts expect Lowe’s (LOW) to post revenues of ~$17.5 billion in the first quarter, which represents year-over-year growth of 3.7% from ~$16.9 billion. Lowe’s revenue growth is expected to be driven by the addition of new stores in the last four quarters, positive SSSG (same-store sales growth), and incremental sales from the acquisition of Maintenance Supply Headquarters. By the end of the fourth quarter of 2017, Lowe’s (LOW) operated 2,152 stores compared to 2,137 by the end of the first quarter of 2017.