Lowe’s Q4 Revenue Rises 1.9% to $27.9 B, Profit Falls 10%
Lowe’s fourth-quarter revenue rose 1.9% to $27.9 billion, while net income declined 10% to $1.6 billion as higher freight and labor costs pressured margins. Comparable-store sales grew 1.5%, marking the first quarterly comp gain since Q3 2024, but operating margin contracted by 60 basis points.
1. Q4 Financial Results
Lowe’s reported fourth-quarter net income of $1.6 billion, down 10% year-over-year, on revenue of $27.9 billion, up 1.9%. Diluted earnings per share fell to $1.45 from $1.61 in the prior year quarter.
2. Comparable Sales and Revenue Drivers
Comparable-store sales grew 1.5%, the first uptick since Q3 2024, driven by strength in outdoor living and professional contractor demand. Online sales contributed 8% of total revenue, up from 7% a year ago.
3. Margin Pressures and Cost Dynamics
Operating margin contracted by 60 basis points as freight and labor expenses rose, offsetting modest revenue gains. SG&A expenses increased by $120 million year-over-year, reflecting investments in store staffing and supply chain resilience.