Lowe’s reports revenue increase, beating Wall Street’s expectations

Lowe’s reports revenue increase, beating Wall Street’s expectations


A Lowe’s employee walks through the store during the grand opening of the Lowe’s store in San Francisco, California.

Getty Images

Lowe’s reported third-quarter earnings on Wednesday that beat analysts’ expectations, with revenue up compared to the same period last year.

The home improvement retailer also updated its guidance, lowering the top end of its revenue outlook to approximately $97 to $98 billion for the full year. The previous top end was $99 billion. Lowe’s also cut guidance for comparable sales to be flat or down 1%, compared with earlier this year when it expected it to be down 1% to up 1%.

Here’s what Lowe’s reported on Wednesday compared with analyst expectations, based on a survey of analysts by Refinitiv:

  • Earnings per share: $3.27 vs. $3.10
  • Revenue: $23.48 billion vs. $23.13 billion

Revenue was up 3% compared with the same period last year.

The company said its earnings were driven by 19% growth in its professional segment, and that its do-it-yourself sales improved. Lowe’s added its website sales grew 12%.

Lowe’s will discuss the results on its earnings conference call, set for 9 a.m. ET Wednesday.

Lowe’s earnings report comes a day after Home Depot‘s third quarter earnings beat analyst’s estimates. On Tuesday, Home Depot said its professional and do-it-yourself sales had positive growth during the period, adding that professionals have said their backlogs remain strong.

Home Depot executives on Tuesday had noted the company was “navigating a unique environment,” and was unable to predict how rising costs and other pressures were affecting its customers. The company said that while its customer transactions were down, it had higher ticket prices driven by inflation.

This is a developing story. Check back for updates.



Source

Sinclair-owned ABC stations will bring ‘Jimmy Kimmel Live’ back to air Friday
Business

Sinclair-owned ABC stations will bring ‘Jimmy Kimmel Live’ back to air Friday

On Tuesday, May 13, 2025 at North Javits in New York City, an incredible roster of all-star talent will tout their connections to storytelling, Disney, and each other while showcasing their latest projects for the upcoming year. Michael Le Brecht | Disney General Entertainment Content | Getty Images Sinclair is returning “Jimmy Kimmel Live!” to […]

Read More
FAA to allow Boeing to sign off on 737 Maxes, 787s after years of restrictions
Business

FAA to allow Boeing to sign off on 737 Maxes, 787s after years of restrictions

Boeing 737 Max planes sit at the airport in Renton, Washington. Leslie Josephs | CNBC Boeing can sign off on its 737 Max and 787 Dreamliner planes before they’re handed over to customers, the Federal Aviation Administration said Friday, the latest sign the manufacturer is regaining confidence from its regulator after years of safety crises. […]

Read More
The global wealthy are lining up for Trump’s  million Gold Card after price cut
Business

The global wealthy are lining up for Trump’s $1 million Gold Card after price cut

U.S. President Donald Trump signs an executive order in the Oval Office at the White House on September 19, 2025 in Washington, DC. Trump signed two executive orders, establishing the “Trump Gold Card” and introducing a $100,000 fee for H-1B visas. Andrew Harnik | Getty Images News | Getty Images A version of this article […]

Read More