Lowe’s Companies, Inc. reported its financial results for the second quarter of fiscal year 2025, posting net earnings of $2.4 billion and diluted earnings per share (EPS) of $4.27. This compares to a diluted EPS of $4.17 in the same period last year. The company noted that second quarter results included $43 million in pre-tax expenses related to the acquisition of Artisan Design Group (ADG), which reduced diluted EPS by $0.06. Excluding these costs, adjusted diluted EPS rose 5.6% to $4.33 from the prior year’s adjusted figure.
Total sales for the quarter reached $24 billion, up from $23.6 billion a year earlier, with comparable sales increasing by 1.1%.
“This quarter, the company delivered positive comp sales driven by solid performance in both Pro and DIY. Despite challenging weather early in the quarter, our teams drove both sales growth and improved profitability. I’d also like to thank our front-line associates for their outstanding service which led to another increase in customer satisfaction scores,” said Marvin R. Ellison, Lowe’s chairman, president and CEO. “In June, we closed on the acquisition of ADG, which strengthens our ability to capture a greater portion of Pro planned spend and expands our reach into the new home construction market.”
As of August 1, 2025, Lowe’s operated 1,753 stores with a total retail selling space of 195.5 million square feet.
During the quarter, Lowe’s spent $1.3 billion on acquiring ADG and distributed $645 million in dividends as part of its ongoing capital allocation strategy aimed at creating long-term shareholder value.
The company updated its full-year outlook for fiscal 2025 to reflect ADG’s inclusion but maintained expectations for core business performance.
For fiscal year 2025, Lowe’s now projects total sales between $84.5 billion and $85.5 billion—an increase from previous guidance—and expects comparable sales to be flat or up by as much as one percent compared to last year’s results (https://ir.lowes.com/news-releases/2024/05-21-2024-110027256). Operating margin is expected between 12.1% and 12.2%, slightly down from previous estimates; adjusted operating margin is forecast at 12.2% to 12.3%. The company anticipates capital expenditures around $2.5 billion.
A conference call discussing these results was scheduled for August 20 at 9 a.m., with materials available through Lowe’s investor relations website (https://ir.lowes.com/events-and-presentations).
Lowe’s serves about 16 million customer transactions weekly across more than 1,700 stores in the United States and employs approximately 300,000 people nationwide.
The company cautioned that forward-looking statements included in its announcement are subject to risks such as changes in economic conditions or consumer spending patterns.
A reconciliation of non-GAAP financial measures was provided by Lowe’s for additional transparency regarding adjustments made during this reporting period.
