Lowe's beats Wall Street expectations against 'challenging' housing backdrop
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- Lowe's reported adjusted EPS of $3.03 for Q1, beating the Wall Street expectation of $2.97.
- Lowe's posted revenue of $23.08 billion, surpassing the forecast of $22.97 billion, a 10% year‑over‑year increase.
- Lowe's saw comparable sales rise 0.6% and online sales jump 15.5%, driven by appliances, home services, and contractor purchases.
- Lowe's reaffirmed its FY2025 guidance of $92‑$94 billion in sales and $12.25‑$12.75 in adjusted EPS, despite a challenging housing market.
- Lowe's CEO Marvin Ellison noted a K‑shaped economy, with higher‑income consumers spending more while lower‑income consumers pull back.
Why it matters: Investors in Lowe's gain confidence as the retailer beats forecasts and maintains full‑year guidance, while competitors face pressure from a tight housing market that dampens DIY demand.
