Lowe’s hammers out a strong Q4 earnings beat but offers cautious full-year sales outlook
Lowe’s shares jumped Wednesday morning after the home improvement retailer’s fourth-quarter earnings results topped Wall Street’s expectations. Revenue hit $18.55 billion, beating estimates, while adjusted earnings per share also came in at $1.93 — well above the expected $1.84.
Another bright spot: comparable sales, also known as same-store sales, rose 0.2%, snapping an eight-quarter losing streak. Lowe’s credited the gain to stronger demand from home professionals and rebuilding efforts after hurricanes Milton and Helene. Rival Home Depot reported a similar trend in its earnings Tuesday.
Looking ahead, Lowe’s said it expects comparable sales to be flat to up 1% in 2025, citing “a challenging home market.” Analysts had expected an increase of 1.1%.
Shares were recently up 3% and have risen about 8% over the past year.
Another bright spot: comparable sales, also known as same-store sales, rose 0.2%, snapping an eight-quarter losing streak. Lowe’s credited the gain to stronger demand from home professionals and rebuilding efforts after hurricanes Milton and Helene. Rival Home Depot reported a similar trend in its earnings Tuesday.
Looking ahead, Lowe’s said it expects comparable sales to be flat to up 1% in 2025, citing “a challenging home market.” Analysts had expected an increase of 1.1%.
Shares were recently up 3% and have risen about 8% over the past year.
