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May 02
Lowe's Q1 2025 Earnings Report
Lowe's reported a decline in revenue and earnings compared to the prior year, with net income of $1.6 billion and EPS of $2.92.
Key Takeaways
Lowe's faced a slight downturn in comparable sales due to early quarter weather challenges, but maintained profitability and confirmed its full-year guidance.
Revenue for the quarter was $20.9 billion, down from $21.4 billion last year.
EPS came in at $2.92, slightly lower than the $3.06 from Q1 2024.
Net income for the quarter was $1.6 billion.
Comparable sales decreased by 1.7% due to weather impacts early in the quarter.
Lowe's
Lowe's
Forward Guidance
Lowe's reaffirmed its full-year 2025 outlook, expecting stable to slightly positive sales growth.
Positive Outlook
- Total sales forecasted between $83.5B and $84.5B
- Comparable sales expected to be flat to +1%
- Operating margin projected between 12.3% and 12.4%
- Diluted EPS expected to be between $12.15 and $12.40
- Capital expenditures projected at approximately $2.5 billion
Challenges Ahead
- Macroeconomic headwinds continue to impact the housing market
- Uncertainty from early quarter unfavorable weather trends
- Net interest expense forecasted at $1.3 billion
- Depreciation and amortization expense expected at $1.8 billion
- Effective income tax rate estimated at 24.5%