Lowe’s Surpasses Sales Guidance and Raises Full-Year Forecast After Earnings
Home Depot reported a quarterly earnings beat that solidified its investment case with revenue rising 5% year over year. Rival Lowe’s surpassed its same-store sales guidance and raised its full-year forecast after topping consensus expectations.
1. Earnings Beat and Investment Case
Home Depot delivered quarterly sales growth of 5% and an EPS beat that validated its long-term investment thesis, citing resilient DIY demand and controlled expenses. Management reiterated its capital allocation priorities, including share repurchases and strategic store remodels to sustain margin expansion.
2. Lowe’s Guidance Outperformance
Lowe’s reported comparable-store sales above the mid-point of its forecast, prompting a raised full-year outlook by $0.20 to $11.40–$11.60 per share. The company highlighted strength in pro-focused offerings and e-commerce gains as drivers for its upgraded guidance.