Lowe's Q4 2024 Earnings Report

Lowe's reported strong financial performance for Q4 2024.

Key Takeaways

Lowe's reported Q4 2024 revenue of $18.55 billion, net income of $1.13 billion, and diluted EPS of $1.99. Adjusted diluted EPS for the quarter was $1.93. The company saw a 0.2% increase in comparable sales driven by Pro and online sales.

Reported revenue of $18.55 billion for Q4 2024.

Net income for the quarter was $1.13 billion.

Diluted EPS was $1.99; adjusted EPS was $1.93.

Comparable sales increased 0.2%.

Total Revenue

$18.6B

Previous year: $18.6B

-0.3%

EPS

$1.93

Comparable Sales

0.2%

Store Count

1.75K

Gross Profit

$5.65B

Previous year: $5.58B

+1.2%

Cash and Equivalents

$2.13B

Previous year: $1.23B

+73.7%

Free Cash Flow

$363M

Previous year: $488M

-25.6%

Total Assets

$43.1B

Previous year: $41.8B

+3.1%

Lowe's Revenue

Lowe's EPS

Lowe's Revenue by Geographic Location

Forward Guidance

Lowe's expects continued near-term uncertainty in the home improvement market for FY 2025.

Positive Outlook

Total sales expected to be between $83.5 billion to $84.5 billion.
Operating margin projected to be 12.3% to 12.4%.
Comparable sales expected to be flat to up 1%.
Net interest expense expected to be approximately $1.3 billion.
Capital expenditures projected to be around $2.5 billion.

Challenges Ahead

Continued near-term uncertainty in the home improvement market.
Impact of inflation on consumer discretionary spending.
Potential supply chain disruptions.
Ongoing pressure on labor costs.
Macroeconomic volatility affecting demand.