Lowe’s Plans New Store Openings in Two States This Year

Lowe’s Companies, Inc. (NYSE:LOW) is one of the best stocks for a dividend stock portfolio.

The company is planning to open between five and ten new stores in 2025, as part of a broader growth strategy that could lead to dozens of new locations in the coming years.

This updated outlook differs from the company’s December 2024 announcement, when it aimed to open 10 to 15 stores annually. A spokesperson explained that the revised figure reflects the time needed to “ramp up” expansion efforts.

So far in 2025, the North Carolina-based retailer has launched two new stores in Texas and reopened one in North Carolina that had been closed due to damage from Hurricane Helene, the spokesperson told USA TODAY. Additional openings are expected later this year in Texas and Arizona.

Beginning in 2026, Lowe’s Companies, Inc. (NYSE:LOW) plans to return to its original goal of opening 10 to 15 stores annually.

Lowe’s Companies, Inc. (NYSE:LOW) is a home improvement retailer that serves both individual customers and professionals, offering a broad selection of products and services. Its offerings include everything from tools and building materials to appliances, furniture, and home decor. In addition, the company provides services such as key cutting, recycling, and price matching.

LOW has surged by nearly 1.5% in the past 12 months.

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