Lowe’s: Reports First Quarter 2025 Sales and Earnings Results

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Information Source: Lowe's Companies, Inc

Comparable Sales Decreased 1.7%; Diluted EPS of $2.92 Affirms Full Year 2025 Outlook
Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.6 billion and diluted earnings per share (EPS) of $2.92 for the quarter ended May 2, 2025, compared to diluted EPS of $3.06 in the first quarter of 2024.
Total sales for the quarter were $20.9 billion, compared to $21.4 billion in the prior-year quarter. Comparable sales for the quarter decreased 1.7% as unfavourable weather earlier in the quarter was partially offset by mid-single-digit Pro and online comparable sales growth.
"Despite near-term uncertainty and housing market headwinds, our team's unwavering focus on exceptional customer service has elevated satisfaction scores and earned Lowe's the #1 ranking in Customer Satisfaction among Home Improvement Retailers* by J.D. Power," said Marvin R. Ellison, Lowe's chairman, president and CEO. "Strategic investments in technology, inviting store environments, and our dedicated associates continue to solidify our commitment to serving our customers and communities. I'd like to extend my appreciation to our front-line associates for the dedication and hard work, especially during the busy spring season."
As of May 2, 2025, Lowe's operated 1,750 stores representing 195.3 million square feet of retail selling space.
Capital Allocation The company remains committed to generating sustainable shareholder value through a disciplined capital program, as reflected in a dividend payment this quarter of $645 million.
The company is affirming its outlook for the full year 2025.
Full Year 2025 Outlook
  • Total sales of $83.5 to $84.5 billion
  • Comparable sales expected to be flat to up +1% as compared to the prior year
  • Operating income as a percentage of sales (operating margin) of 12.3% to 12.4%
  • Net interest expense of approximately $1.3 billion
  • Depreciation and amortisation expense of approximately $1.8 billion
  • Effective income tax rate of approximately 24.5%
  • Diluted earnings per share of approximately $12.15 to $12.40
  • Capital expenditures of approximately $2.5 billion
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNEĀ® 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2024 sales of more than $83 billion, Lowe's operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Lowe s.com.
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Lowe's Companies, Inc
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