Lowe’s earnings (lower) for Q3 2025

Louie On Wednesday, it reported a year-over-year sales increase during the quarter, but the company lowered its full-year earnings forecast slightly to reflect a tougher economic backdrop.

The home improvement retailer now expects full-year sales to total $86 billion, compared to its previous forecast of $84.5 billion to $85.5 billion, due to its latest acquisition. However, it said it expects comparable sales, an industry measure that takes one-time factors, to be flat year over year compared to the previous range it shared of flat to 1%.

For the full year, it now expects adjusted earnings per share to be about $12.25, on the lower side of its previous range of $12.20 to $12.45.

The company said in a press release that it had revised its outlook “to reflect the continued uncertainty in the macroeconomic environment” and the acquisition of Basic Construction Materials, which closed last month.

Here’s what the retailer reported for its fiscal third quarter compared to Wall Street estimates, according to a survey of analysts conducted by LSEG:

• EPS: $3.06 was revised from $2.97 expected
• profit: $20.81 billion compared to $20.82 billion expected

In the three-month period ended Oct. 31, Lowe’s net income fell to $1.62 billion, or $2.88 per share, compared to $1.7 billion, or $2.99, in the same period last year. Revenue increased from $20.17 billion in the same quarter last year.

competition Home Depot On Tuesday, it cut its full-year earnings forecast after it beat Wall Street’s quarterly profit expectations for the third straight quarter. Chief Financial Officer Richard McPhail attributed the weak earnings to lower-than-normal storm activity, a difficult housing market and consumer uncertainty.

Like Home Depot, Lowe’s has tried to attract more business from contractors and other home professionals to offset weak do-it-yourself sales. In August, Lowe’s announced it had closed a deal to acquire Foundation Building Materials, a distributor of drywall, insulation and other interior building products to major residential and commercial professionals, for about $8.8 billion.

Earlier this year, Lowe’s announced another acquisition focused on professionals. It said in April that it had agreed to buy Artisan Design Group, which provides design services and installation of flooring, cabinetry and countertops to homebuilders and property managers, for approximately $1.33 billion.

On the company’s earnings call in August, Lowe’s CFO Brandon Sink said he expected the company’s own strategy, not an improving industry backdrop, to drive higher sales for the year. He said the retailer expects a “nearly flat home improvement market” for this year.

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