Lowe's Pro Sales Rise as Outlook Holds
Q1 FY2025 sales reached $20.9 billion with comparable sales down 1.7%, and mid-single-digit growth in Pro sales helped offset weaker DIY demand.
Lowe's Companies (NYSE:LOW) delivered Q1 2025 results on May 21, 2025, posting sales in line with guidance amid challenging DIY spending and adverse weather effects.
Key highlights include resilient Pro segment growth, strengthened online sales (+6%), gross margin expanded by 19 basis points, and an affirmed full-year sales outlook of $83.5-$84.5 billion for FY2025. The ADG acquisition and technology investments represent major strategic actions affecting long-term positioning.
Pro sales delivered mid-single-digit growth, bucking headwinds in discretionary DIY projects, while Lowe’s announced the $1.325 billion acquisition of Artisan Design Group (ADG) with expected closure in Q2 FY2025. The deal brings exposure to a fragmented $50 billion market adjacent to Lowe’s traditional retail business and targets deeper share among homebuilders and property managers. ADG generated $1.8 billion in sales in 2024 and is on track to be EPS accretive in FY2026 following the closing. Lowe’s is sharpening its focus on professional markets and securing a foothold in new home construction cycles, directly linking the company to long-term housing demand fundamentals.
