Lowe’s Companies reported a comparable sales increase of 0.2% in Q4 2024, driven by high single-digit pro and online comparable sales, a strong holiday performance and rebuilding efforts after recent hurricanes. Total sales for the quarter were $18.6 billion.

“Our results this quarter were once again better than expected, as we continue to gain traction with our Total Home Strategic initiatives,” says Marvin R. Ellison, Lowe’s chairman, president and CEO. “We remain confident in the long-term strength of the home improvement industry, and we’re equally confident in our strategy to capitalize on the expected recovery. We are also pleased to award $80 million in discretionary bonuses to our frontline associates in recognition of their hard work and dedication to delivering excellent customer service.”

As of Jan. 31, 2025, Lowe’s operated 1,748 stores representing 195 million square feet of retail selling space.

Lowe’s also introduced its outlook for fiscal 2025, reflecting continued near-term uncertainty in the home improvement market.

Fiscal 2025 Outlook

• Total sales of $83.5 to $84.5 billion
• Comparable sales are expected to be flat up to 1%
• Operating margin of 12.3% to 12.4%
• Net interest expense of around $1.3 billion
• Capital expenditures of around $2.5 billion