Lowe’s Companies, Inc. (NYSE:LOW) reported better-than-expected earnings for the second quarter on Wednesday.
Adjusted diluted EPS rose 5.6% to $4.33 from $4.10, topping analyst estimates of $4.24. Quarterly sales reached $23.96 billion, compared with $23.59 billion a year earlier, and came in slightly above Wall Street’s estimate of $23.96 billion. Comparable sales increased 1.1%.
Lowe’s updated its fiscal 2025 guidance to reflect the ADG acquisition. It now expects total sales of $84.5 billion to $85.5 billion, raised from $83.5 billion to $84.5 billion, and ahead of analyst estimates of $84.28 billion.
“This quarter, the company delivered positive comp sales driven by solid performance in …