Strong Online Sales and Strategic …

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Revenue: $20.8 billion for the third quarter.
Comparable Sales: Increased by 0.4% year-over-year.
Adjusted Operating Margin: Expanded by approximately 10 basis points.
Adjusted Diluted Earnings Per Share: $3.06, a 6% increase versus last year.
Online Sales Growth: Increased by 11.4% this quarter.
Gross Margin: 34.2%, up 50 basis points.
Adjusted SG&A: 19.6% of sales, deleveraging 36 basis points.
Inventory: Ended Q3 at $17.2 billion, down approximately $400 million versus prior year.
Operating Cash Flow: $687 million in Q3.
Capital Expenditures: $597 million in Q3.
Return on Invested Capital: 26.1%.
Full Year Sales Expectation: Approximately $86 billion, including FBM sales.
Full Year Adjusted Operating Margin Expectation: Approximately 12.1%.
Full Year Adjusted Diluted EPS Expectation: Approximately $12.25, representing 2% growth over the prior year.

Release Date: November 19, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Lowe’s Companies Inc (NYSE:LOW) reported third-quarter sales of $20.8 billion with a 0.4% increase in comparable sales year-over-year, despite challenges from hurricanes.
The company achieved an adjusted diluted earnings per share of $3.06, marking a 6% increase compared to the previous year.
Lowe’s Companies Inc (NYSE:LOW) saw online sales growth of 11.4%, driven by increased traffic and strong conversion rates.
The Total Home strategy initiatives, including Pro extended aisle and enhanced online sales, are showing positive results.
The acquisition of Foundation Building Materials (FBM) is expected to expand product offerings and enhance fulfillment capabilities, particularly benefiting Pro customers.

Lowe’s Companies Inc (NYSE:LOW) is facing a cautious consumer environment amid ongoing macroeconomic uncertainties.
The company anticipates flat comparable sales for the year, at the bottom end of previous guidance.
The acquisition of FBM and Artisan Design Group (ADG) is expected to negatively impact consolidated adjusted operating margin by approximately 50 basis points annually.
There is pressure on larger discretionary purchases due to elevated borrowing costs, affecting consumer confidence.
The company is experiencing a decline in comparable transactions, with a 3% decrease in the third quarter.

Q: Can you elaborate on the trend in the business given the past six months’ performance and expectations for 2026? A: Marvin Ellison, CEO, noted that despite storm overlaps, November started with positive comp performance. The company is optimistic about the top line strategy and expects continued strength in appliances and seasonal categories. CFO Brandon Sink added that while navigating a choppy macro environment, there are reasons for cautious optimism in 2026, with ongoing strength in Pro, online, and appliances, and early signs of life in home services.