Lowe's and Home Depot End Sales Slump but Offer Modest 2025 Projections

Both retailers beat Q4 expectations, but cautious forecasts reflect ongoing challenges in the housing market and consumer spending.

Lowe's and Home Depot reported better-than-expected Q4 earnings, breaking eight consecutive quarters of declining comparable sales.
Lowe's Q4 revenue reached $18.55 billion, while Home Depot recorded $39.7 billion, aided by hurricane recovery and increased professional demand.
Both companies anticipate flat to modest growth in 2025, with Lowe's projecting comparable sales growth of up to 1% and Home Depot forecasting a 1% rise.
High interest rates and slower housing turnover continue to pressure large-scale renovation projects, impacting consumer spending in the home improvement sector.
Lowe's and Home Depot are focusing on professional customers and smaller projects, with Home Depot investing in new stores and faster delivery services.