Lowe’s Cos. Reports Q1 Profit Decline
Lowe’s Cos. has reported a decrease in Q1 profit. The company’s net income for the quarter was $1.23 billion, a decline of 4.5% compared to the same period in the previous year.
Financial Performance
- Revenue: $20.35 billion, a 2.1% increase from Q1 2024
- Gross Margin: 34.2%, a decrease of 0.5% from Q1 2024
- Operating Expenses: $14.45 billion, a 3.2% increase from Q1 2024
Stock Performance
The company’s stock price has fluctuated within a 52-week range of $206.39 to $287.01. The most recent closing price stands at $238.56. This data indicates a moderate volatility in the asset’s value.
Recent Market Activity
- Notable high: $287.01 in October 2024
- Recent low: $206.39 in April 2025