Lowe's Q1 Sales Declined 2.3%, Earnings Down 6.5%

Mooresville, NC, May 21, 2025-Lowe's reported total sales for Q1 2025 were $20.9 billion, a 2.3% decline 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. 

Net earnings for Q1 2025 were $1.6 billion, a 6.5% decline compared to net earnings of $1.8 billion in Q1 2024.

"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.