Lowe’s Q4 2024 Earnings Reveal Surprising Growth and Strategic Innovations for Home Improvement

**Instructions for Writing a Fact-Focused News Article**:

### **Input Parameters**:
– **Content**: “

A Lowe’s store stands in Brooklyn on February 27, 2024 in New York City. 

Spencer Platt | Getty Images

Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Wednesday and said its sales could see modest growth in the year ahead.

The company said it expects full-year total sales sales to range from $83.5 billion to $84.5 billion, which on the upper end would be higher than its total revenue of $83.67 billion for fiscal 2024. It said it expects comparable sales to be flat to up 1% year over year and earnings per share to range from approximately $12.15 to $12.40.

Here’s what the company reported for the fiscal fourth quarter compared with what Wall Street expected, based on a survey of analysts by LSEG:

• Earnings per share: $1.93 adjusted vs. $1.84 expected
• Revenue: $18.55 billion vs. $18.29 billion expected

Lowe’s shares rose about 4% in premarket trading. The company is set to hold an earnings call at 9 a.m. ET on Wednesday.

In the three-month period that ended Jan. 31, Lowe’s net income was $1.13 billion, or $1.99 per share, compared with $1.02 billion, or $1.77 per share, in the year-ago period. Revenue fell from $18.60 billion in the year-ago quarter.

Lowe’s adjusted earnings per share figure excluded a $80 million pre-tax gain associated with the 2022 sale of its Canadian retail business, which added 6 cents per share to fourth-quarter earnings.

Investors are looking for signs that the home improvement market will pick up again. Slower housing turnover and higher borrowing costs have kept some customers on the sidelines. Lowe’s net sales for the 2024 fiscal year totaled $83.67 billion, down 3% from the fiscal year prior.

Shares of Lowe’s rose more than 2% in early trading, after the company’s outlook pointed to potential for improving Trends in the year ahead.

Comparable sales for the quarter rose 0.2%, boosted by online gains, high single-digit growth among home professionals and sales related to rebuilding efforts after Hurricanes Milton and Helene. That slightly positive metric ended eight consecutive quarters of comparable sales declines. It also exceeded Wall Street’s expectations. Analysts had anticipated a 1.8% decline in comparable sales.

Yet in a news release, Lowe’s said those gains were partially offset by pressure on discretionary do-it-yourself projects.

Lowe’s competitor Home Depot narrowly beat Wall Street’s fourth-quarter estimates on Tuesday and also snapped an eight consecutive quarter losing streak with comparable sales. Yet Home Depot CFO Richard McPhail said the company doesn’t expect the housing market or mortgage rates to change. Instead, he told CNBC that he thinks consumers will gradually get used to elevated rates as “a new normal.”

Shares of Lowe’s closed on Tuesday at $242.39. As of Tuesday’s close, shares of the company have fallen nearly 2% this year. That trails behind the approximately 2% gains of the S&P 500 during the same period.

”
– **Original Title**: “Lowe’s (LOW) Q4 2024 earnings”
– **Date**: “2025-02-26 15:34:00”
– **Writing Language**: English.
– **Target Audience**: Global English Audience

—

### **Content Requirements**:

1. **Introductory Section**:
– Summarize the main event in **2 concise paragraphs** with factual accuracy.
– Include the **most important detail** upfront.
– Use the **primary keyword naturally** within the first 15 words.
– Mention the **date, location**, and **key participants** where applicable.
– Keep the section **neutral** and **50-75 words long**, avoiding subjective language.

2. **Fast Summary Section**:
– Provide a **concise summary** of key details (75-100 words).
– Use the following structure:

“`html

“`

3. **Detailed Content Section**:
– Expand on the main topic in **2–4 paragraphs** with varied length and clear organization.
– Maintain a **neutral tone** and include **critical details** without headings or subheadings.
– Use **short paragraphs** for readability, ensuring each focuses on one idea or fact.
– **Bullet points** and **tables** can be used for clarity and concise delivery of complex information.

#### Example Structure for Detailed Content:
– **Paragraph 1**: Introduce the context or background of the topic with 2–3 sentences.
– **Paragraph 2**: Highlight critical details or statistics in 1–2 sentences. Optionally use a **bullet-point list**:
– Fact or statistic 1.
– Fact or statistic 2.
– Fact or statistic 3.
– **Paragraph 3**: Provide additional insights or follow-up details in 3–5 sentences. Optionally include a **table** if applicable:
“`html

“`
– **Paragraph 4**: Summarize the content in 2–3 sentences, connecting the details back to the main topic.

4. **Contextual Notice**:
– Add a **contextual alert message** relevant to Canadian readers using the following structure:
“`html

“`
– Use appropriate alert types such as **`alert-success`**, **`alert-info`**, **`alert-warning`**, or **`alert-danger`**.
– Ensure the notice provides meaningful, factual context.

5. **Language and Style Guidelines**:
– Write at an **8th-grade reading level** with concise, declarative sentences.
– Vary **sentence and paragraph length** for natural flow.
– Maintain **neutrality**, avoiding subjective language or speculative terms.
– Eliminate vague terms like “remarkable” or “groundbreaking” and use factual descriptions instead.
– Avoid headings or subheadings within the content while maintaining clarity.

6. **HTML Output Example**:
“`html

Introduction (no heading).

Detailed content expanding on the main topic. Vary paragraph lengths, include bullet points or tables where relevant, and keep content clear and neutral.

Final paragraph summarizing the critical details, without adding new information.

“`

7. **Additional Notes**:
– Avoid speculative content, promotional language, or subjective opinions.
– Properly attribute quotes, statistics, and sources.
– Eliminate redundancy and overlapping content.
– Adhere to a structured format that promotes readability and factual reporting.