Lowe’s Cos. today reported net earnings of US$1.1 billion for the quarter ended Jan. 31, 2025, compared with $1.0 billion in the fourth quarter of fiscal 2023. During the fourth quarter, the company recognized an $80 million pre-tax gain associated with the 2022 sale of the Canadian retail business.
Total sales for the quarter were $18.6 billion, flat with Q4 sales a year earlier. Comp sales increased 2.0 percent, driven by high-single-digit pro and online comp sales, strong holiday performance, and rebuilding efforts following recent hurricanes affecting various U.S. markets.
For the full year, net sales were US$83.67 million, down 2.5 percent from US$86.73 million in the previous fiscal year.
