Revenue and Earnings Growth
Third quarter sales were $20.8 billion, with comparable sales increasing 0.4% year-over-year. Adjusted diluted earnings per share increased by 6%, reaching $3.06.
Online Sales and AI Integration
Online sales grew by 11.4%, and AI tools like Milo and Milo Companion are enhancing customer satisfaction and productivity, with AI adoption earning Lowe's a $100 billion token Milestone Award from OpenAI.
Total Home Strategy Success
All five key initiatives of the 2025 Total Home strategy are showing strength, including enhanced Pro offerings and double-digit growth in Home Services.
Acquisition of Foundation Building Materials (FBM)
The acquisition expands Lowe's product portfolio and revenue streams, with FBM's commercial sales showing momentum.
Positive Customer and Pro Engagement
Improved customer satisfaction scores and growing enrollments in the MyLowe's Pro Rewards program indicate strong customer and pro engagement.