Lowe's Companies IncLOW
▼ NegativeCapitalrelevance
Lowe's lowered full-year outlook and gross margin fell, offsetting revenue growth.
Impact on stocks 1
Consumer Discretionary
Lowe's Companies IncLowe's Companies reported second-quarter fiscal 2026 revenue of $26 billion, up 8.3% year-over-year, with adjusted diluted EPS of $4.40 including an $0.11 benefit from IEEPA tariff refunds. Comparable sales rose 0.2%, marking the fifth consecutive quarter of positive comps, though comparable transactions declined 2.1% and gross margin fell 80 basis points to 33%. The company lowered its full-year 2026 outlook to the bottom end of prior guidance, now expecting sales of approximately $92 billion, roughly flat comparable sales, adjusted operating margin of approximately 11.6%, and adjusted diluted EPS of approximately $12.25. Online sales grew 15.7%, and the company generated $3.1 billion in free cash flow while paying $673 million in dividends.
Lowe's Companies IncLowe's lowered full-year outlook and gross margin fell, offsetting revenue growth.