Lowe's Posts Decline In Quarterly Sales; Maintains Guidance

• 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 unfavorable 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.

Lowe's Business Outlook

The company is affirming its outlook for 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 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 Amortization 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

Source : Lowe's

Image : Lowe's

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