Home improvement retailer Lowe's posted a smaller-than-expected drop in first-quarter sales on Wednesday and said it plans to keep its pricing competitive, without ruling out the possibility of price hikes on some items due to tariffs.

Home improvement giant Lowe’s has partnered with Mirakl to help power Lowe’s Marketplace, an online resource for DIY consumers and vendors alike.

Lowe’s receives products from Canada, Mexico, China and other parts of Southeast Asia, like South Korea, Ellison previously said. While some Trump tariffs have been paused or adjusted since early April, many remain in effect. That includes 10% tariffs on all countries, with higher rate imposed on countries like Canada, Mexico and China.

Lowe’s Companies, Inc. (NYSE:LOW) on Wednesday reported mixed results for the first quarter of fiscal 2025. The company posted adjusted earnings of $2.92 per share, which beat the analyst consensus estimate of $2.

What Their Latest Results Mean for Shoppers This spring, Target and Lowe’s—two of America’s most familiar retailers—shared their latest financial

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The home improvement retailer saw comparable sales slide during Q1, partially due to unfavorable weather in the first half of the quarter.

Discover Lowe's Q1 2025 earnings call insights, including $20.9B sales, ADG acquisition strategy, digital growth, and Pro expansion.

At Lowe’s, April sales tumbled nearly 3% year-over-year after having risen 6.6% in March, debit and credit card purchase data from Affinity Solutions revealed. Home Depot saw just a 0.7% jump after a 4.2% rise in March, according to the data.

A new Lowe’s Home Improvement store will open in north Fort Worth later this month. The new store carries a Haslet address but is still in the Fort Worth city limits, at 12980 U.S. Route 287. While an exact date was not provided, a Lowe’s spokesperson told the Star-Telegram that the store will open in late May.

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