Lowe's Companies, Inc. has reported its first quarter 2025 sales and earnings results, revealing a decrease in comparable sales by 1.7%. The net earnings for the quarter ended May 2, 2025, were $1.6 billion, with diluted earnings per share (EPS) of $2.92, compared to $3.06 in the first quarter of 2024. Total sales for the quarter were $20.9 billion, down from $21.4 billion in the prior-year quarter.
Despite the decrease in comparable sales, Lowe's experienced mid-single-digit pro and online comparable sales growth, partially offsetting the decline. The company's strategic investments in technology, store environments, and dedicated associates have solidified its commitment to serving customers and communities.
As of May 2, 2025, Lowe's operated 1,750 stores representing 195.3 million square feet of retail selling space. The company remains committed to generating sustainable shareholder value through a disciplined capital program, as reflected in a dividend payment this quarter of $645 million.
Looking ahead, Lowe's is affirming its outlook for full year 2025, with total sales expected to range from $83.5 to $84.5 billion. Comparable sales are anticipated to be flat to up +1% compared to the prior year, with an operating margin of 12.3% to 12.4%. The company also expects diluted earnings per share of approximately $12.15 to $12.40 and capital expenditures of approximately $2.5 billion.
Lowe's Companies, Inc., a Fortune® 50 home improvement company, operates over 1,700 home improvement stores and employs approximately 300,000 associates. The company is based in Mooresville, N.C., and supports the communities it serves through various programs.
The report also mentioned that Lowe's received the highest score in the J.D. Power 2025 U.S. Home Improvement Retailer Satisfaction Study of customers' satisfaction with major home improvement retailers. As a result of these announcements, the company's shares have moved -2.24% on the market, and are now trading at a price of $226.06. Check out the company's full 8-K submission here.