Home improvement retailer, Lowe's, recently reported mixed Q1 results, with a miss on revenues but a beat on earnings. Strong sales trends in the Pro unit remained prevalent in Q1, and this remains a key growth driver for the retailer in the quarters ahead. Full-year guidance was reaffirmed, sending shares higher initially following the release.
Home improvement retailer Lowe's posted a smaller-than-expected drop in first-quarter sales on Wednesday and said it plans to keep its pricing competitive, without ruling out the possibility of price hikes on some items due to tariffs.
Lowe's Companies, Inc. (NYSE:LOW ) Q1 2025 Results Conference Call May 21, 2025 9:00 AM ET Company Participants Kate Pearlman - Vice President, Investor Relations Marvin Ellison - Chairman, Chief Executive Officer Bill Boltz - Executive Vice President, Merchandising Joe McFarland - Executive Vice President, Stores Brandon Sink - Executive Vice President, Chief Financial Officer Conference Call Participants Simeon Gutman - Morgan Stanley Steve Forbes - Guggenheim Securities Robbie Ohmes - Bank of America Scot Ciccarelli - Truist Securities Seth Sigman - Barclays Steven Zaccone - Citi Christopher Horvers - JP Morgan David Bellinger - Mizuho Securities Peter Benedict - Baird Operator Good morning, everyone, and welcome to Lowe's Companies First Quarter 2025 Earnings Conference Call. My name is Rob, and I'll be your operator for today's call.
The headline numbers for Lowe's (LOW) give insight into how the company performed in the quarter ended April 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Two major retailers are moving lower this morning following their latest earnings reports.
LOW's Q1 results reflect lower net sales and earnings. Gross profit decreases 1.5% year over year, while the gross margin expands 20 basis points to 33.4%.
Lowe's (LOW) came out with quarterly earnings of $2.92 per share, beating the Zacks Consensus Estimate of $2.88 per share. This compares to earnings of $3.06 per share a year ago.
CNBC's Andrew Ross Sorkin reports on the company's quarterly earnings results.
Lowe's on Wednesday stood by its full-year forecast, despite reporting quarterly sales that fell just short of Wall Street's expectations.
Shares of Lowe's Cos. (LOW) rose in premarket trading Wednesday after the home-improvement retailer posted first-quarter profit above analysts' estimates and affirmed its full-year outlook.
Lowe's (NYSE: LOW) is set to disclose its fiscal first-quarter earnings on Wednesday, May 21, 2025, with analysts anticipating earnings of $2.89 per share on revenue of $21.03 billion. This would indicate a 6% decrease in earnings year-over-year and a 2% decline in sales compared to the previous year's results of $3.06 per share and $21.36 billion in revenue.
As Lowe's Companies, Inc. LOW prepares to unveil its first-quarter fiscal 2025 earnings on May 21, before the opening bell, investors are eager to see if the company can beat market expectations. The Zacks Consensus Estimate for the to-be-reported quarter's revenues is pegged at $20.95 billion, which suggests a drop of 2% from the prior year's levels.