Lowe’s Companies: Pro Business & Online Growth As A Strategic Growth Enabler! 

Lowe’s Companies demonstrated a mixed set of results during its fourth-quarter earnings call. Positively, the company reported sales of $18.6 billion and a slight increase in comparable sales of 0.2% for the quarter. Over the entire 2024 fiscal year, Lowe’s generated $83.7 billion in sales, with an adjusted operating margin of 12.3% and earnings per share of $11.99. The management expressed satisfaction with these results, especially considering the challenging macroeconomic conditions in the home improvement sector. Notably, performance was bolstered by momentum in specific areas like Pro customer segments and online sales, with online sales alone growing by 9.5% in the fourth quarter.