Lowe’s Returns to Comparable Sales Growth as Q4 Results Top Estimates

Lowe’s Companies (LOW) released fourth-quarter results on Wednesday that topped analysts’ estimates, but its outlook for 2025 was more conservative than expected.

The home-improvement retailer reported adjusted earnings per share (EPS) of $1.93 on sales of $18.55 billion. Analysts polled by Visible Alpha had expected $1.84 and $18.29 billion, respectively.

Comparable store sales rose by 0.2%—their first year-over-year increase since Q3 2022—while analysts had expected a 1.58% decline. Lowe’s attributed the increase to “high-single-digit Pro and online comparable sales, strong holiday performance, and rebuilding efforts in the wake of recent hurricanes, partially offset by continued near-term pressure in DIY discretionary spending.”

Lowe’s sees 2025 sales between $83.5 billion and $84.5 billion, with comparable store sales flat to up 1% and EPS between $12.15 and $12.40. Analysts had expected $84.67 billion, 1.21% growth, and $12.57, respectively.

Rival Home Depot (HD) on Tuesday posted similar fourth-quarter results that topped estimates, including comparable sales that also returned to growth after eight quarters of declines. However, its full-year forecasts were also softer than expected.

Lowe’s shares were up less than 1% shortly after the market opened Wednesday. They entered the day up about 4% over the last 12 months.

UPDATE—This article has been updated with the latest share price information.