Lowe’s confirms its outlook for 2024; unveils its strategy for the 2025 total home

NORTH WILKESBORO (dpa-AFX) – Lowe’s Companies (LOW) confirmed its outlook for full year 2024. Total sales are expected to be in the range of $83.0 billion to $83.5 billion, and Comparable sales are expected to decline 3.0% to 3.5%. Adjusted earnings per share are expected to be in a range of approximately $11.80 to $11.90.

Additionally, Lowe said its Total Home 2025 strategy spans five growth initiatives: Drive Pro Penetration; Accelerate online sales; Develop home services; Create a loyalty ecosystem; and increase spatial productivity.

Lowe’s plans to open 10 to 15 stores per year over the next few years in fast-growing markets in the United States. The company plans to expand its rural assortment to 150 more stores.