Lowe’s reported a year over year sales increase in Q3, raising full-year total sales expectations to $86 billion due to acquisition. Comparable sales are expected to be flat. Adjusted earnings per share outlook was revised to $12.25. Net income fell to $1.62 billion. Shares rose 5% premarket.

CEO Marvin Ellison noted positive comparable sales despite housing market challenges and higher borrowing costs. Lowe’s net income decreased to $1.62 billion, or $2.88 per share. Revenue increased from $20.17 billion in the year-ago quarter. Adjusted earnings per share were $3.06. Home Depot also lowered its full-year profit forecast.

Lowe’s aims to attract more business from contractors with acquisitions like Foundation Building Materials for $8.8 billion and Artisan Design Group for nearly $1.33 billion. CFO Brandon Sink expects company strategy, not industry conditions, to drive sales for the year in a flat home improvement market.

Read more at CNBC: Lowe’s (LOW) Q3 2025 earnings