US-based home improvement retailer Lowe’s Companies has reported net earnings of $1.61bn for the third quarter ended 31 October 2025, down from $1.69bn during the same period in 2024.
Diluted earnings per share (EPS) for the period were $2.88, down from $2.99 in the same period a year earlier.
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The retailer booked $129m in pre-tax charges tied to its acquisitens of Foundation Building Materials (FBM) and Artisan Design Group (ADG) during the quarter.
When these items are excluded, adjusted diluted EPS increased 5.9% year-on-year to $3.06.
Total sales rose to $20.81bn from $20.17bn in the third quarter of 2024.
Comparable sales were up 0.4%, supported by 11.4% growth in online revenue, double-digit increases in home services and ongoing growth in sales to professional customers.
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By GlobalDataAt the end of the quarter, Lowe’s operated 1,756 outlets, covering 195.8 million square feet of retail space.
The company spent $8.8bn on the FBM acquisition and distributed $673m in dividends during the period.
Lowe’s revised its full-year 2025 guidance to factor in macroeconomic uncertainty and the consolidation of FBM.
It now projects total sales of $86bn, flat comparable sales, an adjusted operating margin of 12.1%, net interest expense of around $1.4bn, an effective income tax rate of approximately 24%, adjusted diluted EPS of around $12.25 and capital spending of up to $2.5bn.
Lowe’s chairman, president and CEO Marvin Ellison stated: “The company delivered another quarter of positive comp sales, and we’re pleased to start November with positive comps as well, despite headwinds related to hurricane activity in the prior year.
“With the closing of the FBM acquisition last month, we look forward to enhancing our offering to Pro customers and creating more sustainable, long-term sales and profit expansion for the company. I would like to thank our associates for their hard work and dedication to the business.”
