Lowe's stock fell as much as 3% in premarket trading after the company gave a more cautious outlook, citing pressure in do-it-yourself consumer spending. Second quarter revenue came in at $26 billion, just below the $26.1 billion expected, while adjusted earnings per share of $4.27 beat the $4.22 estimate, helped by a $0.11 benefit from IEEPA tariff refunds. Same-store sales grew 0.2%, below the 0.7% expected, as growth in Pro, Online, and Home Services was partially offset by persistent DIY macro pressures. The company now expects total sales of $92 billion in 2026, down from a prior range of $92 billion to $94 billion, and adjusted diluted earnings per share of approximately $12.25, at the low end of the previously expected range of $12.25 to $12.75.
Lowe's Companies IncCautious outlook and lowered sales guidance due to persistent DIY spending pressure.
