Meet&CoMOORESVILLE, N.C. — Lowe’s Companies, Inc. (NYSE: LOW) reported first-quarter 2025 financial results on Wednesday, exceeding analyst profit estimates but falling marginally short of revenue forecasts. The home improvement retailer attributed the mixed performance to persistent challenges in the housing sector and unseasonable spring weather patterns.
For the quarter ending May 2, Lowe’s posted net earnings of $1.6 billion ($2.92 per diluted share), a decrease from $1.76 billion ($3.06 per share) in the prior-year period. Revenue declined 2.0% year-over-year to $20.93 billion, with comparable sales dropping 1.7%.
In a statement accompanying the earnings release, Chairman and CEO Marvin Ellison underscored the company’s operational discipline amid macroeconomic pressures. “While near-term housing market dynamics and weather-related disruptions created headwinds, our associates’ commitment to customer service excellence drove record satisfaction scores,” Ellison noted.
Sales performance fluctuated monthly, with February comparables declining 5.4% due to adverse weather, followed by a 1.7% rebound in March. April saw a 2.6% contraction, partially influenced by the shifting Easter calendar. Ellison highlighted resilience in key segments, including mid-single-digit growth in Pro customer sales and digital platforms.
The company credited its sustained focus on professional contractors—a strategic priority since 2018—with mitigating broader softness. Enhanced product assortments and the MVP loyalty program were cited as critical drivers. “Our multiyear Pro investments continue to deliver tangible returns,” Ellison emphasized during the earnings conference call.
Lowe’s reaffirmed its full-year fiscal guidance, anticipating total sales between $83.5 billion and $84.5 billion, with comparable sales projected to range from flat to a 1% increase. Annual diluted earnings per share are expected to fall between $12.15 and $12.40.
CFO Brandon Sink acknowledged that homeowners’ deferral of major renovations persists despite stable financial positions. “While consumer health remains strong, discretionary project activity remains restrained,” Sink remarked. “However, we observe stabilization in these trends, suggesting no further deterioration.”
The company recently bolstered its commercial capabilities through the $1.3 billion acquisition of Texas-based Artisan Design Group, a provider of installation services for homebuilders and property managers.
Regarding potential tariff impacts, Ellison outlined proactive supply chain measures, noting that approximately 20% of Lowe’s merchandise originates from China. “We are collaborating with vendors to minimize disruptions and maintain price competitiveness,” he stated, adding that geographic sourcing diversification remains a priority.
Lowe’s shares closed 1.8% higher following the earnings release, reflecting investor confidence in the maintained outlook.
