Lowe’s Corporations, Inc. LOW on Wednesday reported combined outcomes for the primary quarter of fiscal 2025.
The corporate posted adjusted earnings of $2.92 per share, which beat the analyst consensus estimate of $2.89.
Income for the quarter was down 2% yr over yr at $20.93 billion, which missed the analyst consensus estimate of $20.94 billion.
Comparable gross sales fell 1.7%, with early-quarter climate headwinds partially offset by mid-single-digit progress in Professional and on-line gross sales.
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Gross margin expanded 19 foundation factors to 33.4% whereas working revenue declined to $2.49 billion from $2.65 billion final yr. Working margin narrowed by 50 foundation factors to 11.9%.
As of Could 2, 2025, Lowe’s operated 1,750 shops, totaling roughly 195.3 million sq. ft of retail promoting house.
“Regardless of near-term uncertainty and housing market headwinds, our crew’s unwavering deal with distinctive customer support has elevated satisfaction scores and earned Lowe’s the No. 1 rating in Buyer Satisfaction amongst Residence Enchancment Retailers by J.D. Energy,” mentioned Marvin R. Ellison, Lowe’s chairman, president, and CEO.
“Strategic investments in know-how, inviting retailer environments, and our devoted associates proceed to solidify our dedication to serving our prospects and communities,” Ellison added.
The corporate reported working money move of $3.38 billion for the quarter, down from $4.26 billion a yr earlier.
The corporate reiterated its deal with disciplined capital allocation, highlighted by a $645 million dividend paid this quarter.
Lowe’s acknowledged tariffs as a possible danger issue however didn’t present particular steerage on their influence.
Lowe’s forecasts 2025 EPS of $12.15–$12.40 versus the $12.23 consensus estimate. Complete gross sales are projected between $83.5 billion and $84.5 billion, in contrast with analysts’ expectations of $84.31 billion.
Lowe’s expects an working margin of 12.3% to 12.4% and plans to spend roughly $2.5 billion on capital expenditures.
Worth Motion: LOW shares are buying and selling decrease by 0.37% to $230.41 finally examine Wednesday.
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