Lowe’s Companies ( (LOW) ) has released its Q4 earnings. Here is a breakdown of the information Lowe’s Companies presented to its investors.
Lowe’s Companies, Inc. is a leading home improvement retailer in the United States, operating over 1,700 stores and serving millions of customers weekly with a focus on creating safe, affordable housing and supporting community development.
In its fourth quarter 2024 earnings report, Lowe’s announced a slight increase in comparable sales by 0.2% and reported net earnings of $1.1 billion, translating to a diluted earnings per share (EPS) of $1.99. The company highlighted strong performance in Pro and online sales, as well as a positive impact from holiday sales and rebuilding efforts post-hurricanes.
Key financial metrics from the report include total sales of $18.6 billion for the quarter and a notable gain from the sale of its Canadian retail business, which contributed $0.06 to the EPS. Lowe’s also continued its commitment to shareholder value through the repurchase of 5.5 million shares and $650 million in dividends during the quarter. For the fiscal year, the company returned $6.5 billion to shareholders.
Looking ahead to 2025, Lowe’s projects total sales between $83.5 billion and $84.5 billion, with comparable sales expected to remain flat or increase up to 1%. The company maintains a cautious outlook due to uncertainties in the home improvement market but remains optimistic about its strategic initiatives and long-term industry strength.
Lowe’s management expresses confidence in their strategic direction and the resilience of the home improvement sector, positioning the company to capitalize on market recovery and continue delivering value to shareholders.