Lowe’s Reaffirms Full-Year Guidance As Pro And Online Sales Offset DIY Weakness

Lowe’s stood by its full-year guidance on Wednesday, as growing sales among home professionals helped counterbalance softer demand from do-it-yourself customers. The home improvement chain posted fiscal first quarter earnings of $2.92 per share on revenue of $20.93 billion, narrowly missing revenue expectations but beating on earnings. Comparable sales fell 1.7% year over year, as weather dampened demand, though Lowe’s saw growth in online and home professional sales. Lowe’s reaffirmed its 2025 outlook, projecting full-year revenue between $83.5 billion and $84.5 billion, and EPS of $12.15 to $12.40. CEO Marvin Ellison highlighted gains in digital and pro sales, along with recent store and tech investments, as key strengths in navigating housing market headwinds.