A Lowe’s store in Concord, California, United States, on Monday, November 17, 2025.
David Paul Morris | Bloomberg | Getty Images
Lowes beat Wall Street’s expectations for quarterly revenue and profit on Wednesday, as the retailer’s quarterly sales rose more than 10% year over year.
The home improvement company said it expects total sales for the entire current fiscal year to be between $92 billion and $94 billion, which would represent an increase of about 7% to 9% from the previous year. The company said it expects adjusted earnings per share to be between $12.25 and $12.75 for the full year. Lowe’s said it expects comparable sales, a measure that excludes one-time factors, to be roughly flat to up 2%.
In a press release, CEO Marvin Ellison said the company’s strategy is resonating with its DIY and home professional customers, even as higher mortgage rates and slowing real estate sales challenge its industry.
“Even though the real estate sector remains under pressure, we are focused on what is within our control, which includes our ongoing productivity initiatives,” he said. “We remain confident that we are well positioned to take action regardless of the macroeconomic environment.”
Shares fell in premarket trading, with Lowe’s earnings per share forecast for the year falling short of analysts’ consensus expectations of $12.95, according to LSEG.
Here’s what Lowe’s reported for the fiscal fourth quarter compared to Wall Street estimates, according to a survey of analysts by LSEG:
- Earnings per share: $1.98 adjusted vs. $1.94 expected
- Income: $20.58 billion versus $20.34 billion expected
Lowe’s net income for the three months ended Jan. 30 fell to $999 million, or $1.78 per share, from $1.13 billion, or $1.99 per share, in the year-earlier quarter.
Revenue was up from $18.55 billion last year.
Comparable sales for the quarter rose 1.3%, higher than the 0.2% analysts expected, according to StreetAccount. The company said in a press release that its growth was driven by gains in home professionals, online sales and home services, as well as a strong holiday season.
Its competitor, Home depositbeat Wall Street’s earnings and revenue expectations on Tuesday, but stuck to conservative forecasts for the full year. Its quarterly results reflect that demand for home improvement remains tepid, as U.S. consumers continue to postpone major projects due to high borrowing costs and real estate prices as well as economic concerns.
Like Home Depot, Lowe’s felt squeezed by a tougher backdrop for the industry. Both companies have acquired companies that cater to entrepreneurs and other professionals, which tend to be a more stable source of business.
Last year, Lowe’s acquired Foundation Building Materials, a distributor of drywall, insulation and other interior building products for large residential and commercial professionals, for approximately $8.8 billion. It also purchased Artisan Design Group, which provides flooring, cabinet and countertop design and installation services to homebuilders and property managers, for about $1.33 billion.
Lowe’s has also taken steps to reach customers who are delaying home purchases, such as launching a third-party marketplace to expand its product line, tapping influencers to increase its visibility on social media, and targeting young families by relaunching its children’s program.
As of Tuesday’s close, Lowe’s shares were up nearly 16% year to date, outpacing the S&P 500’s gains of about 1% during the same period. Its stock is up about 15% over the past year, nearly matching the S&P 500’s gains of about 16% during that time.
