Lowe's: Earnings and Revenue Beat
The home improvement retailer exceeded analysts' expectations, driven by growth in online and Pro sales.
Lowe's Companies (NYSE:LOW), a leading home improvement retailer, reported its fourth-quarter 2024 earnings on Feb. 26. The results reflected a robust performance despite facing challenging economic conditions. The company posted adjusted diluted EPS of $1.93, surpassing analysts' expectations of $1.84. Revenue remained flat at $18.6 billion compared to the same period last year, but exceeded forecasts of $18.3 billion.
Overall, the quarter showed strength in several strategic areas, maintaining a consistent revenue stream even as broader economic pressures weighed on the DIY market.
Source: Analyst estimates for the quarter provided by FactSet.
