Market Minute: Earnings Snapshot: Lowe’s (LOW), Walmart (WMT)

Lowe’s (LOW) is lower in the premarket, although it is up around 20% year-to-date. Lowe’s EPS of $2.89 and revenue of $20.17 billion beat estimates. Revenue year-over-year fell 1.5%, while comp. sales fell 1.1% due to softness in bigger-ticket DIY sales. 

Yesterday on Trading 360, Jan Rogers Kniffen said that he expected Lowe’s to keep trailing Home Depot (HD) for the foreseeable future, and Home Depot seems to back this up with its 6.6% revenue growth earlier this month (although comp sales fell 1.3% with lower tickets and fewer customer transactions.) LOW CEO Marvin Ellison cited storm-related sales as a boon, and said online sales were strong. 

Walmart (WMT) is gaining premarket and is poised to open at a new all-time high. EPS of $0.58 and revenue of $169.6 billion both beat estimates, with year-over-year revenue growth of 5.5%. Comp. sales for Walmart U.S. and Sam’s Club U.S. were strong, gaining 5.3% and 7.0% respectively, with both seeing higher transactions and average ticket. 

As it continues to compete with Amazon (AMZN) with its own online shopping platform, Walmart reported that e-commerce sales were up 27%, and its ad business grew 28%. The company also raised its guidance for FY25 (this report was its 3Q25), pleasing the Street. CFO John David Rainey said, “overall, we are feeling good about holiday,” with toy sales up, but he notes that consumers are spending “more of their wallets on food than they have historically.” 

Tune into the Schwab Network for more earnings breakdowns!