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LOW's Q1 results reflect lower net sales and earnings. Gross profit decreases 1.5% year over year, while the gross margin expands 20 basis points to 33.4%.
Lowe's said it faces housing-market headwinds and near-term economic uncertainty, but kept its 2025 earnings projections in place.
Lowe's (LOW) came out with quarterly earnings of $2.92 per share, beating the Zacks Consensus Estimate of $2.88 per share. This compares to earnings of $3.06 per share a year ago.
CNBC's Andrew Ross Sorkin reports on the company's quarterly earnings results.
Lowe's on Wednesday stood by its full-year forecast, despite reporting quarterly sales that fell just short of Wall Street's expectations.
Shares of Lowe's Cos. (LOW) rose in premarket trading Wednesday after the home-improvement retailer posted first-quarter profit above analysts' estimates and affirmed its full-year outlook.
Home improvement retailer Lowe's Cos posted a smaller-than-expected drop in first-quarter comparable sales on Wednesday, as shoppers spent on maintenance projects while holding off on big-ticket purchases amid higher borrowing costs.
— Comparable Sales Decreased 1.7%; Diluted EPS of $2.92 — — Affirms Full Year 2025 Outlook — MOORESVILLE, N.C. , May 21, 2025 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.6 billion and diluted earnings per share (EPS) of $2.92 for the quarter ended May 2, 2025, compared to diluted EPS of $3.06 in the first quarter of 2024.
Home-improvement retailers are generally better insulated to shifts in trade policy than other retailers, analysts say, but they're not immune.
Lowe's (NYSE: LOW) is set to disclose its fiscal first-quarter earnings on Wednesday, May 21, 2025, with analysts anticipating earnings of $2.89 per share on revenue of $21.03 billion. This would indicate a 6% decrease in earnings year-over-year and a 2% decline in sales compared to the previous year's results of $3.06 per share and $21.36 billion in revenue.