Lowe's Sales Flat in Q4, Earnings Up 10.3%

Mooresville, NC, February 26, 2025-Lowe's reported net sales for Q4 were $18.6 billion, virtually even with Q4 2023’s $18.6 billion. Comparable sales for the quarter increased 0.2%, driven by high-single-digit Pro and online comparable sales, strong holiday performance, and rebuilding efforts in the wake of recent hurricanes, partially offset by continued near-term pressure in DIY discretionary spending. 

Net earnings in Q4 2024 were $1.1 billion, an increase of 10.3% from $1.0 billion in the same quarter last year. 

For the year, net sales were $83.7 billion, a 3% decrease compared to sales of $86.4 billion in 2023. 

Net earnings for 2024 were $7 billion, a 10% decline compared to earnings of $7.7 billion in the same period last year. 

"Our results this quarter were once again better-than-expected, as we continue to gain traction with our Total Home strategic initiatives," said Marvin R. Ellison, Lowe's chairman, president and CEO. "We remain confident in the long-term strength of the home improvement industry, and we are equally confident in our strategy to capitalize on the expected recovery. We are also pleased to award $80 million in discretionary bonuses to our frontline associates in recognition of their hard work and dedication to delivering excellent customer service."  

In the conference call, Lowe's announced that sales of its Stainmaster-branded LVT products were outpacing the rest of the flooring department. 

As of January 31, 2025, Lowe's operated 1,748 stores representing 195.0 million square feet of retail selling space.