By Denny Jacob

Lowe's maintained its outlook for the year even as sales declined in its latest quarter, joining a handful of companies to stick with its guidance despite uncertainty brought on by tariffs.

The home improvement retailer maintained its guidance of sales between $83.5 billion and $84.5 billion, as well as earnings per share in the range of $12.15 to $12.40, for 2025.

The disclosure comes a day after Home Depot issued its latest quarterly results and reaffirmed its outlook for fiscal 2025. Of note, the company said it is working with suppliers to keep prices steady despite tariffs.

How Lowe's will manage tariffs and its pricing strategy will likely be covered in depth by investors when the company holds its earnings call later Wednesday.

The Mooresville, N.C., company recorded earnings of $1.64 billion, or $2.92 a share, for the first quarter ended May 2, compared with $1.76 billion, or $3.06 a share, in the prior-year period. Analysts polled by FactSet had expected $2.87 a share.

Sales declined to $20.93 billion from $21.36 billion. Analysts polled by FactSet had expected $20.94 billion.

Comparable sales for the quarter decreased 1.7%. Lowe's attributed the performance to unfavorable weather in the quarter, though that was partially offset by mid-single digit Pro and online comparable sales growth.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

May 21, 2025 06:29 ET (10:29 GMT)

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