Lowe’s Tops Profit Estimates, Affirms Full-Year Outlook

Lowe’s Cos. (LOW) on Wednesday posted first-quarter profit above analysts’ estimates and affirmed its full-year outlook.

The home improvement retailer reported earnings per share of $2.92 on net sales that fell 2% year-over-year to $20.93 billion. Analysts surveyed by Visible Alpha expected $2.86 and $20.93 billion, respectively.

Comparable store sales decreased 1.7% as the retailer said “unfavorable weather earlier in the quarter was partially offset by mid-single-digit Pro and online comparable sales growth.” Analysts had projected a decline of 2.21%.

Lowe’s affirmed its full-year outlook. Last quarter, it said it expected 2025 sales of $83.5 billion to $84.5 billion, comparable sales flat to up 1%, and GAAP earnings per share of $12.15 to $12.40. Each of those figures were slightly below what analysts projected at the time.

CEO Marvin Ellison said the company had a positive quarter “despite near-term uncertainty and housing market headwinds.”

On Tuesday, rival Home Depot said it expected to “generally maintain” prices in the face of tariffs. Although total sales topped estimates, comparable store sales fell 0.3%, slightly worse than analysts’ projections, and shares ended the day down 0.6%.

After rising in premarket trading, Lowe’s shares were down about 1.5% shortly after markets opened. They entered Wednesday about 6% lower this year.

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