Lowe's Companies, Inc. (LOW) CEO Marvin Ellison on Q1 2019 Results - Earnings Call Transcript

May 22, 2019 4:21 PM ETLowe's Companies, Inc. (LOW)3 Comments
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Lowe's Companies, Inc. (NYSE:LOW) Q1 2019 Earnings Conference Call May 22, 2019 9:00 AM ET

Company Participants

Marvin Ellison - President & CEO

William Boltz - EVP, Merchandising

Joseph McFarland - EVP, Stores

David Denton - CFO

Conference Call Participants

Simeon Gutman - Morgan Stanley

Michael Lasser - UBS

Christopher Horvers - JP Morgan

Brian Nagel - Oppenheimer


Good morning, everyone and welcome to Lowe's Company's First Quarter 2019 Earnings Conference Call. This call is being recorded. [Operator Instructions] Also, supplemental reference slides are available on Lowe's Investor Relations website within the investor packet [ph]. While management will not be speaking directly to the slides, these slides are meant to facilitate your review of the Company's results and to be used as a reference document following the call.

During this call, management will be using certain non-GAAP financial measures. The supplemental reference slides include information about these measures and a reconciliation to the most directly comparable GAAP financial measures. Statements made during this call will include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Management's expectations and opinions reflected in those statements are subject to risks and the Company can give no assurance that they will prove to be correct. Those risks are described in the Company's earnings release and in it's filings with the Securities and Exchange Commission.

Hosting today's conference will be Mr. Marvin Ellison, President and Chief Executive Officer; Mr. Bill Boltz, Executive Vice President, Merchandising; Mr. Joe McFarland, Executive Vice President Stores; and Mr. Dave Denton, Chief Financial Officer.

I will now turn the program over to Mr. Ellison for opening remarks. Please go ahead, sir.

Marvin Ellison

Thank you, Regina. Good morning everyone. Our first quarter comp performance is a clear indication that our focus on retail fundamentals is gaining traction. Despite solid

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