MW Lowe's stock surges after surprise growth in same-store sales and earnings beat
Shares of Lowe's Companies Inc. $(LOW)$ climbed 3% in premarket trading Wednesday, after the home improvement retailer reported surprise growth in fiscal fourth-quarter same-store sales, to offset a full-year outlook that was below current forecasts.
Same-store sales rose 0.2% from a year ago, to beat the FactSet consensus for a decline of 1.8%, and the first increase in more than two years.
Adjusted earnings per share of $1.93 was above the FactSet consensus of $1.84.
For the full-year 2025, same-store sales are expected to be flat to up 1%, while analysts surveyed by FactSet were expecting, on average, a rise of 1.1%.
This is breaking news. Check back for updates.
-Tomi Kilgore
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(END) Dow Jones Newswires
February 26, 2025 06:11 ET (11:11 GMT)
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