Lowe's (LOW) shares edged higher Wednesday after the home-improvement retailer beat profit estimates as both contractors and do-it-yourself (DIY) customers spent more for its products. In addition, the company boosted its guidance following the closing of its acquisition of interior finishes provider Artisan Design Group (ADG).
Lowe's made an $8.8 billion bet on its professional contractor (Pro) business. That's the amount the home improvement retailer is paying for Foundation Building Materials (FBM), according to a Wednesday (Aug. 20) press release.
Big-name retailers are filing into the earnings confessional this week, with investors keen to see how consumer spending is looking.
Lowe's Companies Inc (NYSE:LOW)) delivered a solid quarterly performance and announced a major acquisition aimed at deepening its reach into the professional construction market. The home improvement giant announced it would acquire California-based Foundation Building Materials for $8.8 billion, adding a distributor that serves around 40,000 professional customers across more than 370 North American locations.
Lowe's (LOW) came out with quarterly earnings of $4.33 per share, beating the Zacks Consensus Estimate of $4.23 per share. This compares to earnings of $4.1 per share a year ago.
Lowe's beat quarterly earnings expectations on Wednesday. The home improvement retailer also announced the $8.8 billion acquisition of Foundation Building Materials, its second acquisition of a home professional-focused company in recent months.
LOW debuts AI-driven Mylow and enhanced Pro Rewards, aiming to boost customer engagement and market positioning.
Beyond analysts' top-and-bottom-line estimates for Lowe's (LOW), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended July 2025.
Lowe's (LOW) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Lowe's (LOW) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Lowe's (LOW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Lowe's Q2 results may get a lift from digital growth, Pro demand and AI tools, but weak DIY spending is likely to have clouded the outlook.