Lowe’s Non-GAAP EPS of $4.33 beats by $0.09, revenue of $23.96B in-line, raises FY revenue guidance

Full Year 2025 Outlook

• Total sales of $84.5 to $85.5 billion vs $84.41B consensus (previously $83.5 to $84.5 billion)
• Comparable sales expected to be flat to up +1% as compared to prior year
• Operating income as a percentage of sales (operating margin) of 12.1% to 12.2%(previously 12.3% to 12.4%)
• Adjusted operating income as a percentage of sales (adjusted operating margin) of 12.2% to 12.3%
• Net interest expense of approximately $1.3 billion
• Effective income tax rate of approximately 24.5%
• Diluted earnings per share of approximately $12.10 to $12.35 (previously $12.15 to $12.40)
• Adjusted diluted earnings per share of approximately $12.20 to $12.45 vs $12.22 consensus
• Capital expenditures of approximately $2.5 billion