Lowe's Reports First Quarter 2025 Results Boosting Outlook

Lowe's Announces First Quarter 2025 Performance
— Comparable Sales Decreased 1.7%; Diluted EPS of $2.92 —
— Affirms Full Year 2025 Outlook —
Lowe's Companies, Inc. (NYSE: LOW) has reported a net earnings figure of $1.6 billion for the quarter ending May 2, 2025, yielding a diluted earnings per share (EPS) of $2.92. This marks a decrease from diluted EPS of $3.06 in the corresponding quarter of the previous year.
Total sales for the quarter reached $20.9 billion, a slight drop from $21.4 billion generated in the same period last year. According to Lowe's, comparable sales fell by 1.7% during this quarter, affected primarily by unfavorable weather; however, this impact was somewhat mitigated by significant growth in Pro and online sales.
"In spite of temporary uncertainties in the housing market, our commitment to superior customer service has significantly bolstered satisfaction ratings, positioning Lowe's as the top-ranked company for Customer Satisfaction among Home Improvement Retailers according to J.D. Power," commented Marvin R. Ellison, Chairman and CEO of Lowe's. He expressed gratitude for the hard work of the associates, particularly during the busy spring season, which has been pivotal for the company's performance.
As of May 2, 2025, Lowe's boasts an operational footprint of 1,750 stores, covering a retail space of approximately 195.3 million square feet.
Investment and Outlook
Lowe's is devoted to providing sustainable value to shareholders through its well-structured capital allocation strategy, evident in the dividend payout of $645 million this quarter. The company's management continues to affirm its outlook for the full year 2025, anticipating significant targets.
Full Year 2025 Expectations
- Total sales forecast to range between $83.5 billion and $84.5 billion.
- Comparable sales projected to be flat or increase by 1% compared to the previous year.
- Operating margin expected to be between 12.3% and 12.4%.
- Net interest expenses estimated to be around $1.3 billion.
- Depreciation and amortization expenses anticipated to be approximately $1.8 billion.
- Effective income tax rate expected to be around 24.5%.
- Diluted EPS forecast to range from approximately $12.15 to $12.40.
- Capital expenditures projected at around $2.5 billion.
A conference call to review the first quarter results is scheduled. Stakeholders can access the meeting via Lowe's investor relations website, where supplementary materials will also be available.
About Lowe's Companies, Inc.
Lowe's Companies, Inc. (NYSE: LOW) is a premier home improvement retailer, engaging approximately 16 million customer transactions each week across its network. With a remarkable report of over $83 billion in sales for the 2024 fiscal year, Lowe’s operates more than 1,700 stores and supports around 300,000 employees nationwide. The company is focused on community strengthening through programs aimed at enhancing safe, affordable housing and improving community infrastructure.
Frequently Asked Questions
What were Lowe's reported total sales for the first quarter of 2025?
Lowe's reported total sales of $20.9 billion for the first quarter of 2025.
How did the earnings per share change compared to the previous year?
The diluted earnings per share decreased from $3.06 in the first quarter of 2024 to $2.92 in the first quarter of 2025.
What is Lowe's full year sales outlook for 2025?
Lowe's anticipates total sales between $83.5 billion and $84.5 billion for the year 2025.
What are some of Lowe's strategic commitments going forward?
Lowe's is focusing on improving customer service, investing in technology, and optimizing the store environment to enhance customer experience.
When is the conference call to discuss the quarterly results?
The conference call is scheduled and available through Lowe's investor relations website for stakeholders to access.
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