Financial Performance - Net earnings for Q1 2025 were 1.6billion,withdilutedEPSof2.92, down from 3.06inQ12024[1][16]−Totalsalesforthequarterwere20.9 billion, a decrease from 21.4billionintheprior−yearquarter,withcomparablesalesdown1.72.5 billion, representing 11.9% of sales, compared to 12.4% in the same quarter last year[16] - Net earnings for the three months ended May 2, 2025, were 1,641million,adecreaseof6.51,755 million for the same period in 2024[19] Dividends and Shareholder Value - The company declared a cash dividend of 645millionduringthequarter,reflectingitscommitmenttoshareholdervalue[4][16]−Cashdividendpaymentstotaled645 million, slightly up from 633millionyear−over−year[19]SalesandRevenueOutlook−Forthefullyear2025,Lowe′sexpectstotalsalesbetween83.5 billion and 84.5billion,withcomparablesalesprojectedtobeflattoup13,379 million from 4,262million,reflectingadeclineof20.72.5 billion[10] - Capital expenditures increased to 518millionfrom382 million, reflecting a 35.6% rise in investment in growth initiatives[19] Debt and Cash Management - The company repaid 778millionindebtduringtheperiod,significantlyhigherthan22 million in the previous year[19] - Cash and cash equivalents at the end of the period were 3,054million,downfrom3,237 million a year earlier[19] - The net increase in cash and cash equivalents for the period was 1,293million,comparedto2,316 million in the prior year, indicating a decrease of 44.1%[19] Inventory Management - Merchandise inventory decreased by 926million,animprovementcomparedtoadecreaseof1,330 million in the prior year[19] Stock Repurchase - The company repurchased 112millionofcommonstock,asubstantialdecreasefrom923 million in the same period last year[19] Store Operations - Lowe's operates 1,750 stores with a total retail selling space of 195.3 million square feet as of May 2, 2025[3][16] Customer Satisfaction - Lowe's achieved the highest score in the J.D. Power 2025 U.S. Home Improvement Retailer Satisfaction Study[5][3]
Lowe's(LOW)2025-05-21 12:47