Lowe's Raises Outlook as Profit Jumps on Pro and DIY Demand

Justin Sullivan / Getty Images In addition to reporting second-quarter results, Lowe's announced the $8.8 billion acquisition of Foundation Buildings Materials Wednesday, Aug. 20, 2025

Key Takeaways

Lowe's earnings exceeded forecasts on higher sales to both construction professionals and DIY customers. The home-improvement retailer raised its guidance on benefits from the purchase of Artisan Design Group. Lowe's also announced the $8.8 billion acquisition of Foundation Buildings Materials.

Lowe's (LOW) shares edged higher Wednesday after the home-improvement retailer beat profit estimates as both contractors and do-it-yourself (DIY) customers spent more for its products. In addition, the company boosted its guidance following the closing of its acquisition of interior finishes provider Artisan Design Group (ADG).

Lowe's reported second-quarter adjusted earnings per share (EPS) of $4.33, while analysts surveyed by Visible Alpha were looking for $4.24. Revenue rose 1.6% year-over-year to $23.96 billion, a tick short of forecasts.

Comparable store sales were up 1.1%, in line with expectations. CEO Marvin Ellison said those were driven by a "solid performance" from both its construction professional and DIY businesses.

Lowe's explained that with the addition of ADG, it was raising its full-year outlook for sales to $84.5 billion to $85.5 billion from the earlier prediction of $83.5 billion to $84.5 billion. Yesterday, rival Home Depot (HD) affirmed its guidance as it saw demand growing.

The company also announced it moved to increase sales to construction pros by purchasing Foundation Building Materials (FBM) for $8.8 billion. Lowe's called FBM "a leading North American distributor of interior building products" that serves "large residential and commercial professionals in both new construction and repair and remodel applications."

Shares of Lowe’s are up about 5% this year. TradingView

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