Lowe’s sales drop in Q1, uncertainty remains
In a news release on May 21, Lowe’s Companies, Inc. reported sales and earnings results for its first quarter of 2025, saying that otal sales for the quarter were $20.9 billion, off compared to $21.4 billion in the prior-year quarter. Comparable sales for the quarter decreased 1.7% as unfavorable weather earlier in the quarter was partially offset by mid-single-digit Pro and online comparable sales growth.
The company affirmed its full-year outlook for 2025, though leaders did reference uncertainty.
“Despite near-term uncertainty and housing market headwinds, our team’s unwavering focus on exceptional customer service has elevated satisfaction scores and earned Lowe’s the #1 ranking in Customer Satisfaction among Home Improvement Retailers by J.D. Power,” said Marvin R. Ellison, Lowe’s chairman, president and CEO.
“Strategic investments in technology, inviting store environments, and our dedicated associates continue to solidify our commitment to serving our customers and communities. I’d like to extend my appreciation to our front-line associates for the dedication and hard work especially during the busy spring season.”
As of May 2, 2025, Lowe’s operated 1,750 stores representing 195.3 million square feet of retail selling space.
Full Year 2025 Outlook
- Total sales of $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 12.3% to 12.4%
