Lowe's Beats Q4 Earnings with Positive Comparable Sales

Lowe's reported adjusted earnings per share of $3.03, surpassing analyst expectations, and a 0.6% increase in comparable sales—its fourth consecutive quarter of positive comps. The home improvement retailer's results indicate sustained consumer demand for home renovation projects despite macroeconomic headwinds. Comparable sales turned positive after a period of decline, driven by strong performance in categories like paint, flooring, and outdoor living. The company also benefited from its focus on professional contractors and its online sales platform. Lowe's shares rose in after-hours trading following the announcement.