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Lowe’s Tops Q1 Estimates, Holds 2025 Outlook Despite Housing Market Headwinds
The home improvement giant posted better-than-expected earnings and revenue in Q1. Strategic investments and strong Pro and online sales helped offset broader market challenges.
Lowe's Companies Inc (NYSE: LOW) on Wednesday reported fiscal firs t-quarter net income of $1.64 billion, or $2.92 per share, surpassing Wall Street expectations. Analysts surveyed by Zacks Investment Research had predicted earnings of $2.88 per share.
Revenue for the quarter reached $20.93 billion, slightly ahead of the $20.92 billion forecast by eleven analysts polled by Zacks.
Comparable sales for the period decreased 1.7%, with unfavorable weather early in the quarter partially offset by mid-single-digit gains in Pro and online comparable sales.
“Despite near-term uncertainty and housing market headwinds, our team's unwavering focus on exceptional customer service has elevated satisfaction scores and earned Lowe's the #1 ranking in Customer Satisfaction among Home Improvement Retailers* by J.D. Power,” said Marvin R. Ellison, chairman, president and CEO of Lowe’s.
The Mooresville, North Carolina-based retailer operated 1,750 stores as of May 2, 2025, covering 195.3 million square feet of retail selling space.
“Strategic investments in technology, inviting store environments, and our dedicated associates continue to solidify our commitment to serving our customers and communities,” Ellison added.
Looking ahead, the company reaffirmed its outlook for full year 2025, projecting total sales between $83.5 billion and $84.5 billion. Comparable sales are expected to be flat to up 1% versus the prior year, with an operating margin between 12.3% and 12.4%, and net interest expense around $1.3 billion.
Lowe’s results arrive after its main competitor, Home Depot, warned on Tuesday that tariffs may cause some items to disappear from shelves, though it plans to hold prices steady. Consumer sentiment has shown signs of weakening amid ongoing trade tensions, with economists warning that tariffs could slow economic growth and raise inflation.
The U.S. housing market continues to grapple with a sales downturn that began in 2022, when mortgage rates started rising from pandemic-era lows.
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