Lowe’s reports slight sales increase for Q2

Lowe’s Companies, Inc., on Aug. 20, reported financial results for the second quarter of 2025, ended Aug. 1, 2025. Its total sales for the quarter were $24.0 billion, a slight increase from $23.6 billion in the prior-year quarter and comparable sales for the quarter increased 1.1%.

“This quarter, the company delivered positive comp sales driven by solid performance in both Pro and DIY. Despite challenging weather early in the quarter, our teams drove both sales growth and improved profitability. I’d also like to thank our front-line associates for their outstanding service which led to another increase in customer satisfaction scores,” said Marvin R. Ellison, Lowe’s chairman, president and CEO. “In June, we closed on the acquisition of ADG, which strengthens our ability to capture a greater portion of Pro planned spend and expands our reach into the new home construction market.”

As of Aug. 1, 2025, Lowe’s operated 1,753 stores representing 195.5 million square feet of retail selling space.

Comparable Sales Summary

• Comparable Transactions, -1.8%
• Comparable Average Ticket, $104.60, +2.9%
• Comparable Sales of more than $500, +3.6%
• Online Sales, +7.5%

Lowe’s also announced on Aug. 20 its acquisition of Foundation Building Materials (“FBM”) for approximately $8.8 billion. FBM is a leading North American distributor of interior building products, including drywall, metal framing, ceiling systems, commercial doors and hardware, insulation and complementary products serving large residential and commercial professionals in both new construction and repair and remodel applications. Since 2011, FBM has grown to include a network of more than 370 locations in the United States and Canada serving 40,000 Pro customers.

Full Year 2025 Outlook

The company’s expectation for its core business performance in fiscal 2025 remains unchanged. 

• Total sales of $84.5 to $85.5 billion (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%