Lowe's(US:LOW) Prnewswireยท2025-05-21 10:00Core Insights - Lowe's Companies, Inc. reported net earnings of $1.6 billion and diluted EPS of $2.92 for the quarter ended May 2, 2025, a decrease from diluted EPS of $3.06 in the same quarter of the previous year [1][2] - Total sales for the quarter were $20.9 billion, down from $21.4 billion in the prior-year quarter, with comparable sales decreasing by 1.7% due to unfavorable weather conditions, although there was mid-single-digit growth in Pro and online sales [2][3] - The company affirmed its full-year 2025 outlook, maintaining a disciplined capital allocation strategy, including a dividend payment of $645 million this quarter [4][10] Financial Performance - Net sales for the quarter were $20.93 billion, with a gross margin of 33.38% compared to 33.19% in the previous year [14] - Operating income was $2.49 billion, representing an operating margin of 11.92%, down from 12.42% in the same quarter of the previous year [14] - Net earnings for the quarter were $1.64 billion, a decrease from $1.76 billion in the prior-year quarter, with a basic EPS of $2.93 [14][17] Business Operations - As of May 2, 2025, Lowe's operated 1,750 stores with a total retail selling space of 195.3 million square feet [3] - The company serves approximately 16 million customer transactions weekly in the United States and employs around 300,000 associates [7] - Lowe's received the highest score in the J.D. Power 2025 U.S. Home Improvement Retailer Satisfaction Study, indicating strong customer satisfaction [3][13] Capital Allocation and Outlook - The company is committed to generating sustainable shareholder value through a disciplined capital program, with capital expenditures of approximately $2.5 billion expected for the year [4][10] - The full-year 2025 outlook includes total sales projected between $83.5 billion and $84.5 billion, with comparable sales expected to be flat to up 1% compared to the prior year [10]