Lowe's Companies, Inc. paired a second-quarter earnings beat with a reset of its fiscal 2026 outlook, putting more weight on whether Pro, Online and Home Services can offset weak discretionary DIY demand. Adjusted earnings reached $4.40 per share, up 1.6% year over year and above the Zacks Consensus Estimate of $4.22, while revenues increased 8.3% to $25,956 million but missed the consensus mark of $26,135 million. Comparable sales rose just 0.2%, with a 2.3% increase in average ticket offsetting a 2.1% decline in comparable transactions. Lowe's now expects fiscal 2026 sales of about $92 billion, flat comparable sales, an adjusted operating margin of approximately 11.6% and adjusted earnings of about $12.25 per share, each at the bottom of the prior guidance range. Management also expects third-quarter adjusted earnings per share to be approximately 7% below the prior-year level. The revised outlook reflects first-half results and current consumer demand and housing trends, keeping the near-term earnings setup restrained.
Lowe's Companies IncLowe's cuts fiscal 2026 outlook due to weak DIY demand and soft housing trends.
The Home Depot Inc
Builders FirstSource Inc