USA – Lowe’s Companies, Inc., one of the largest global home improvement retailer, reported net earnings of USD 1.125 billion for the fourth quarter ending January 31, 2025, a 10.3% increase from USD 1.020 billion in the same period last year. Total sales for the quarter were USD 18.55 billion, slightly down from USD 18.60 billion in 4Q-2024. The company achieved a gross margin of 32.86%, up from 32.40% a year earlier.

Operating income for the quarter was USD 1.83 billion, up 8.5% from USD 1.69 billion in 4Q -2024. Selling, general, and administrative expenses (SG&A) totaled USD 3.82 billion, or 20.59% of sales, slightly lower than the 20.95% reported last year. Net interest expense was USD 328 million, down from USD 348 million in 4Q-2024, contributing to pre-tax earnings of USD 1.50 billion.

For the fiscal year ending January 31, 2025, Lowe’s posted net sales of USD 83.67 billion, down from USD 86.38 billion in the previous year. Gross margin for the year was 33.32%, slightly lower than 33.39% in fiscal 2024. Full-year net earnings were USD 6.96 billion, down from USD 7.73 billion.

CEO Marvin Ellison noted that the company’s results exceeded expectations, driven by growth in Pro and online sales, along with recovery efforts in hurricane-affected regions. However, he acknowledged ongoing challenges in the home improvement market, particularly due to high mortgage rates.

Looking ahead, Lowe’s projects total sales between USD 83.5 billion and USD 84.5 billion for 2025, with comparable sales expected to be flat or grow by 1%. The company also plans capital expenditures of around USD 2.5 billion for the year. Additionally, Lowe’s announced an USD 80 million discretionary bonus for frontline employees.

Despite market challenges, Lowe’s remains optimistic about its long-term growth strategy and prospects in the home improvement sector.