Lowe’s Beats Q1 Estimates, Raises Margin Amid Challenges

Lowe’s reported first-quarter earnings per share of $2.92, surpassing analyst expectations despite a 2% year-over-year decline in revenue to $20.93 billion and a 1.7% drop in comparable sales. The sales dip was attributed to unfavorable weather, but the company saw mid-single-digit growth in its Pro and online channels. Lowe’s maintained its full-year guidance, projecting flat to 1% comparable sales growth and earnings between $12.15 and $12.40 per share. Both Lowe’s and Home Depot are observing customers delaying major home improvement purchases and focusing on maintenance projects due to a sluggish housing market and high mortgage rates. Lowe’s widened its gross margin and saw a modest rise in share price following the earnings release. Tariff uncertainty and weak consumer sentiment remain risks, but Lowe’s is leveraging strategic investments and its expanding Pro customer base to navigate the challenging environment.