#United States #earnings report #Customer Satisfaction #Lowe's #Mooresville

Lowe's First Quarter 2025 Earnings Report

Lowe's Companies, Inc. (NYSE: LOW) has released its financial results for the first quarter of 2025, showcasing a notable performance amid various market challenges. Reporting net earnings of $1.6 billion and diluted earnings per share (EPS) of $2.92, the company has seen a drop in EPS from $3.06 in the same period last year.

For the quarter ending on May 2, 2025, Lowe's reported total sales of $20.9 billion, a decline from $21.4 billion a year earlier. The comparable sales saw a decrease of 1.7%, primarily due to adverse weather conditions noted early in the quarter. However, this decrease was somewhat mitigated by mid-single-digit growth in both Professional and online sales.

Marvin R. Ellison, Chairman, President, and CEO of Lowe's, expressed optimism despite the uncertainty surrounding the housing market. He emphasized the company's commitment to providing exceptional customer service, which has earned Lowe's the highest ranking in Customer Satisfaction among Home Improvement Retailers according to J.D. Power. Ellison praised the front-line associates for their dedicated service, particularly during the bustling spring season.

As of early May, Lowe's operates 1,750 stores, providing a substantial 195.3 million square feet of retail space. In line with its shareholder commitments, the company paid $645 million in dividends this quarter, showcasing its dedication to generating sustainable value for its investors.

Business Outlook for 2025

Looking ahead, Lowe's has reaffirmed its projections for the entirety of 2025. The expected total sales are projected between $83.5 billion and $84.5 billion, with comparable sales anticipated to be flat to a slight increase of 1%. The company estimates an operating margin ranging from 12.3% to 12.4%, with expected net interest expenses of around $1.3 billion and depreciation and amortization expenses approximating $1.8 billion. Furthermore, the effective income tax rate is projected at approximately 24.5%, while diluted earnings per share are expected to be within the range of $12.15 to $12.40. Capital expenditures are also forecasted to be around $2.5 billion.

To discuss its financial performance further, Lowe's has scheduled a conference call on the same day the earnings report was released, where additional insights and details will be shared.

Lowe's Companies, Inc. has established itself as a leading figure in the home improvement industry, catering to approximately 16 million customer transactions weekly across the United States. In fiscal year 2024, the company achieved sales surpassing $83 billion and continues to highlight its commitment to community support through safety initiatives, improvement of community spaces, and education for aspiring skilled tradespeople. It operates more than 1,700 home improvement stores and employs around 300,000 associates.

For more information, visit Lowes.com. This earnings statement also contains forward-looking statements referenced under the Private Securities Litigation Reform Act of 1995, predicting various financial trajectories as per current market analyses and expectations.

Conclusion

In a rapidly changing market, Lowe's demonstrates resilience through strategic investments in technology and customer service, aiming to maintain its position as a leader in the home improvement space while navigating the challenges ahead. With the backing of its dedicated workforce and commitment to its customers, Lowe's eyes a robust year despite prevailing uncertainties in the broader housing market.