Lowe's Companies Inc (NYSE:LOW) reported fourth quarter earnings that beat Wall Street estimates while issuing softer-than-expected guidance for 2025.
The home improvement retailer reported sales of $18.55 billion, flat year-over-year but ahead of the consensus of $18.29 billion.
Earnings per share (EPS) of $1.93 beat estimates of $1.84.
"Our results this quarter were once again better-than-expected, as we continue to gain traction with our Total Home strategic initiatives," Lowe’s CEO Marvin Ellison said in a statement.
"We remain confident in the long-term strength of the home improvement industry, and we are equally confident in our strategy to capitalize on the expected recovery."
Lowe’s solid Q4 performance overshadowed weak sales and profit guidance for 2025.
For 2025, the company projected sales in the range of $83.5 billion and $84.5 billion, short of the $84.8 billion consensus.
Comparable sales are expected to be flat or up to 1%, below estimates of a 1.1% rise.
Lowe’s guided EPS in the range of $12.15 to $12.40, missing estimates of $12.48.
The company’s shares were unchanged in early trade at about $242.