Lowe's Reports Third Quarter 2025 Sales and Earnings Results

• Diluted EPS of $2.88; Adjusted Diluted EPS1 of $3.06
• Comparable Sales increased 0.4%
• Updates 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 $2.88 for the quarter ended Oct. 31, 2025, compared to diluted EPS of $2.99 in the third quarter of 2024. During the third quarter, the company recognized $129 million in pre-tax expenses associated with the acquisitions of Foundation Building Materials (FBM) and Artisan Design Group (ADG). Excluding these expenses, third quarter 2025 adjusted diluted EPS1 increased 5.9% to $3.06 compared to the prior-year adjusted diluted EPS1.

Total sales for the quarter were $20.8 billion, compared to $20.2 billion in the prior-year quarter. Comparable sales for the quarter increased 0.4%, driven by 11.4% online sales growth, double-digit growth in home services and continued growth in Pro sales.

"The company delivered another quarter of positive comp sales, and we're pleased to start November with positive comps as well, despite headwinds related to hurricane activity in the prior year.  With the closing of the FBM acquisition last month, we look forward to enhancing our offering to Pro customers and creating more sustainable, long-term sales and profit expansion for the company," said Marvin R. Ellison, Lowe's chairman, president and CEO. "I would like to thank our associates for their hard work and dedication to the business."

As of Oct. 31, 2025, Lowe's operated 1,756 stores, representing 195.8 million square feet of retail selling space.

Capital Allocation

The company remains committed to a disciplined capital allocation strategy focused on driving long-term shareholder value. During the quarter, the company invested $8.8 billion for the acquisition of FBM and paid $673 million in dividends.

Lowe's Business Outlook

The company is updating its outlook for the operating results of full year 2025 to reflect the ongoing uncertainty in the macroeconomic environment. The updated outlook also includes expectations for FBM. 

Adjusted operating income, adjusted operating margin and adjusted diluted EPS are non-GAAP financial measures that exclude the transaction costs, purchase accounting adjustments and intangible asset amortization related to the acquisition of FBM and ADG. The company does not provide a reconciliation for non-GAAP estimates on a forward-looking basis where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items (which may be significant) without unreasonable effort.

Full Year 2025 Outlook

• Total sales of $86.0 billion (previously $84.5 to $85.5 billion)
  
  
• Comparable sales expected to be flat as compared to prior year (previously flat to up +1%)
  
  
• Adjusted operating income as a percentage of sales (adjusted operating margin) of 12.1% (previously 12.2% to 12.3%)
  
  
• Net interest expense of approximately $1.4 billion (previously $1.3 billion)
  
  
• Effective income tax rate of approximately 24.0% (previously 24.5%)
  
  
• Adjusted diluted earnings per share of approximately $12.25 (previously $12.20 to $12.45)
  
  
• Capital expenditures of up to $2.5 billion

Source : Lowe's

Image : Lowe's 

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