Lowe’s Companies, Inc. (NYSE: LOW) reported its second quarter 2025 earnings results today.
Total sales rose to $24 billion from $23.6 billion in the prior-year quarter. Comparable sales increased 1.1%.
Net earnings were $2.39 billion, or $4.27 per share, compared to $2.38 billion, or $4.17 per share, last year. Adjusted EPS increased 5.6% to $4.33.
For fiscal year 2025, Lowe’s expects total sales of $84.5-85.5 billion. Comparable sales are expected to be flat to up 1% compared to last year. GAAP EPS is expected to be approx. $12.10-12.35 while adjusted EPS is expected to be approx. $12.20-12.45.
Lowe’s also announced an agreement to acquire Foundation Building Materials (FBM) for approx. $8.8 billion. FBM is a distributor of interior building products, such as drywall, metal framing, and ceiling systems. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions.
Prior performance
