08:51 AM EST, 11/19/2025 (MT Newswires) -- Lowe's (LOW) lifted its full-year sales outlook on Wednesday, while the home-improvement retailer's fiscal third-quarter earnings exceeded market expectations.

The company now anticipates sales of about $86 billion for fiscal 2025, up from its previous projections of $84.5 billion to $85.5 billion. The current consensus on FactSet is for $85.31 billion. The stock jumped 6.1% in the most recent premarket activity.

Adjusted earnings are pegged at roughly $12.25 a share for the ongoing fiscal year, compared with its prior guidance range of $12.20 to $12.45. Comparable sales are now expected to be flat versus the previous forecast for the metric to be flat to up 1%. The Street is looking for non-GAAP EPS of $12.28 and same-store sales growth of 0.3%.

On Tuesday, rival Home Depot (HD) also raised its fiscal 2025 sales growth outlook but lowered its adjusted EPS guidance as its third-quarter earnings unexpectedly decreased year over year amid a lack of storm activity.

"After an underwhelming (third-quarter) print and guide from Home Depot, we think Lowe's put up a more solid report than we had anticipated," Truist Securities said in an emailed client note.

For the quarter ended October, Lowe's reported adjusted EPS of $3.06, up from $2.89 the year before, topping the average analyst estimate of $2.97. Sales increased to $20.81 billion from $20.17 billion, but were just shy of the Street's view for $20.82 billion.

Comparable sales edged 0.4% higher, missing the market's expectation for a 1% gain. The metric benefited from an increase of about 11% in online sales, double-digit growth in home services and continued growth in the retailer's Pro sales segment, it said.

"The company delivered another quarter of positive (comparable) sales, and we're pleased to start November with positive comps as well, despite headwinds related to hurricane activity in the prior year," Chief Executive Marvin Ellison said in the earnings release. "We look forward to enhancing our offering to Pro customers and creating more sustainable, long-term sales and profit expansion for the company."