- Lowe’s press release (LOW): Q3 Non-GAAP EPS of $3.06 beats by $0.11.
- Revenue of $20.81B (+3.2% Y/Y) misses by $30M.
- Comparable sales for the quarter increased 0.4%, driven by 11.4% online sales growth, double-digit growth in home services and continued growth in Pro sales.
- As of Oct. 31, 2025, Lowe’s operated 1,756 stores, representing 195.8 million square feet of retail selling space.
The company is updating its outlook for the operating results of full year 2025 to reflect the ongoing uncertainty in the macroeconomic environment. The updated outlook also includes expectations for FBM.
Adjusted operating income, adjusted operating margin and adjusted diluted EPS are non-GAAP financial measures that exclude the transaction costs, purchase accounting adjustments and intangible asset amortization related to the acquisition of FBM and ADG. The company does not provide a reconciliation for non-GAAP estimates on a forward-looking basis where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items (which may be significant) without unreasonable effort.
Full Year 2025 Outlook
- Total sales of $86.0 billion (previously $84.5 to $85.5 billion) vs $85.66B consensus.
- Comparable sales expected to be flat as compared to prior year (previously flat to up +1%)
- Adjusted operating income as a percentage of sales (adjusted operating margin) of 12.1%(previously 12.2% to 12.3%)
- Net interest expense of approximately $1.4 billion (previously $1.3 billion)
- Effective income tax rate of approximately 24.0% (previously 24.5%)
- Adjusted diluted earnings per share of approximately $12.25 (previously $12.20 to $12.45) vs $12.27 consensus
- Capital expenditures of up to $2.5 billion