Lowe’s reported fourth-quarter 2024 earnings, with net earnings of $1.1 billion and diluted earnings per share (EPS) of $1.99, up from $1.77 in the previous year’s quarter. Adjusted diluted EPS, excluding an $80 million pre-tax gain from the sale of its Canadian retail business, was $1.93. Total sales for the quarter reached $18.6 billion, with comparable sales increasing 0.2%, driven by strong performance in Pro and online sales, holiday shopping, and post-hurricane rebuilding efforts.

For fiscal year 2024, Lowe’s generated $83.7 billion in total sales and returned $6.5 billion to shareholders through share repurchases and dividends. The company remains optimistic about the long-term strength of the home improvement market, awarding $80 million in discretionary bonuses to frontline employees.

Looking ahead to fiscal year 2025, Lowe’s projects total sales between $83.5 billion and $84.5 billion, with comparable sales expected to be flat or grow up to 1%. Operating margin is forecasted at 12.3% to 12.4%, with diluted EPS estimated between $12.15 and $12.40. The company continues to focus on operational efficiency, strategic investments, and shareholder returns.