Company news: Lowe's (LOW) quarterly earnings beat analysts’ estimates

Lowe's (LOW) reported Q1 FY2025 earnings of $2.92 per share (versus $3.06 per share in Q1 FY2024), beating analysts’ consensus estimate of $2.88 per share.

The company’s quarterly revenues amounted to $20.930 bln (-2.0% y/y), roughly in line with analysts’ consensus estimate of $20.936 bln.

Its comparable sales decreased 1.7% y/y in Q1 FY2025.

The company also reaffirmed guidance for FY2025, seeing EPS of $12.15-12.40 versus analysts’ consensus estimate of $12.21 and revenues of $83.5-84.5 bln versus analysts’ consensus estimate of $84.28 bln. Comparable sales are expected to grow by 0%-1% y/y.

LOW rose to $237.25 (+2.59%) in pre-market trading.