Lowe’s delivered third-quarter sales growth but saw profits fall, prompting the retailer to scale back its full-year earnings expectations.
The company reported net earnings of $1.6 billion for Q3 fiscal 2025, a 5% drop from $1.7 billion a year earlier. Diluted earnings per share fell to $2.88 from $2.99.
Results were weighed down by $129 million in pre-tax costs tied to the acquisitions of Foundation Building Materials (FBM) and Artisan Design Group (ADG), which pressured EPS.
Total sales rose 3% to $20.8 billion, up from $20.2 billion in the prior-year quarter. Comparable sales increased 0.4%, supported by 11.4% online growth, double-digit gains in home services, and continued momentum with Pro customers.
“The company delivered another quarter of positive comp sales, and we’re pleased to start November with positive comps as well, despite headwinds related to hurricane activity in the prior year,” said Marvin R. Ellison, Lowe’s chairman, president and CEO.
“With the closing of the FBM acquisition last month, we look forward to enhancing our offering to Pro customers and creating more sustainable, long-term sales and profit expansion for the company.”
Lowe’s lowered its full-year guidance, citing ongoing macroeconomic uncertainty.
The move follows a similar reduction from rival Home Depot, which also highlighted reduced storm activity, consumer caution and housing-market pressure.
Lowe’s now expects full-year 2025 sales of $86 billion, flat comparable sales, and adjusted EPS of about $12.25, narrowing its previous guidance amid a softer macro backdrop.
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