U.S. home improvement retailer Lowe’s (LOW) has reported first-quarter financial results that beat Wall Street estimates.
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The North Carolina-based company announced earnings per share (EPS) of $3.03, which beat the $2.97 consensus expectation of analysts. Revenue for the first three months of the year totaled $23.08 billion, which topped the $22.97 billion forecast on Wall Street. Sales were up 10% from a year earlier.
Looking ahead, Lowe’s reaffirmed its full-year guidance, saying it continues to expect total sales between $92 billion and $94 billion, an increase of 7% to 9% compared to the previous year. It also continues to expect comparable sales this year to be flat to up 2% compared with 2025. Management added that it still expects earnings of between $12.25 and $12.75 for all of this year.
Lowe’s income statement. Source: The Fly
Resilient Consumers
“We have a track record of performing well, managing expenses and finding ways to grow sales, irrespective of the macro, and we plan to take share this quarter,” said Lowe’s CEO Marvin Ellison in the company’s earnings release.
Ellison attributed the strong print to 15.5% year-over-year growth in Lowe’s online sales, as well as to strength in sales of appliances and home services. Lowe’s is also benefiting from increased sales to professional contractors, which is becoming a growing part of its business.
Is LOW Stock a Buy?
Lowe’s stock has a consensus Moderate Buy rating among 23 analysts. That rating is based on 15 Buy and eight Hold recommendations issued in the last three months. The average LOW price target of $283.52 implies 30% upside from current levels. These ratings could change after the company’s latest financial results.
