Strong Sales Performance
Lowe's delivered sales of $18.6 billion in Q4 2024, with positive comparable sales of 0.2%. For the full fiscal year 2024, sales were $83.7 billion with an adjusted operating margin of 12.3% and adjusted earnings per share of $11.99.
Pro Segment Growth
High single-digit comps in the pro segment for the second consecutive quarter, driven by initiatives like TransformPro offering and MyLowe's Pro Rewards.
Online Sales Surge
Online sales grew by 9.5% in Q4, with record-breaking sales during Black Friday and Cyber Monday, reflecting strong omnichannel investments.
Loyalty Program Success
MyLowe's Rewards loyalty program reached 30 million members, with members outspending nonmembers by nearly 50%.
Innovation and Technology
Forrester rated Lowe's mobile app as the overall digital experience leader in US retail mobile apps. Launch of AI-powered home improvement virtual advisor in collaboration with OpenAI.