From CNBC: 2025-05-21 06:42:00

Lowe’s maintained its full-year forecast as strong sales from home professionals offset slower demand from DIY customers. The retailer slightly missed quarterly sales expectations but beat earnings estimates, causing shares to rise nearly 3% in premarket trading. CEO Marvin Ellison credited investments in stores, technology, and customer service for navigating challenges in the housing market.

Lowe’s expects full-year total sales to range from $83.5 billion to $84.5 billion, with comparable sales flat to up 1% year over year. Earnings per share are projected to range from approximately $12.15 to $12.40. In the fiscal first quarter, Lowe’s reported earnings per share of $2.92, slightly higher than the expected $2.88, with revenue at $20.93 billion, just below the $20.94 billion estimate.

Net income for Lowe’s fell to $1.64 billion in the first quarter, with comparable sales down 1.7% year over year. Weather impacted sales demand, but online sales and sales among home professionals grew. Competitor Home Depot also reaffirmed its full-year forecast and saw year-over-year comparable sales declines in the first quarter. Both companies are focusing on attracting more sales from home professionals to offset softer DIY customer sales.



Read more at CNBC:: Lowe’s (LOW) Q1 2025 earnings