Lowe’s reported its fiscal fourth-quarter results on Wednesday, revealing total sales of $20.6 billion, an 11% increase year-over-year, surpassing expectations of $20.36 billion. Adjusted EPS was $1.98, exceeding the forecast of $1.95, despite $149 million in acquisition-related expenses. Comparable sales rose 1.3%, driven by Pro segment strength and digital sales, while the company returned $2.6 billion to shareholders through dividends and buybacks.
Looking ahead, Lowe’s provided mixed guidance for fiscal 2024, projecting total sales between $92 billion and $94 billion, with comparable sales flat to +2%. Adjusted diluted EPS is estimated at $12.25–$12.75. While the results indicated positive operational momentum, shares fell approximately 2% in early trading, signaling investor caution regarding the company’s near-term outlook.
In contrast, Home Depot reported fourth-quarter sales of $38.2 billion, exceeding the consensus estimate of $38.18 billion. Adjusted EPS came in at $2.72, besting the forecast of $2.52. Comparable sales rose 0.4%, supported by the Pro segment. Home Depot’s guidance for fiscal 2026 suggests total sales growth of 2.5% to 4.5% and an increase in its quarterly dividend to $2.33 per share.
