Lowe's Companies reported second-quarter sales of $26 billion, up 8.3% from a year earlier, though comparable sales rose just 0.2%, as growth in Pro and online segments offset a pullback from DIY homeowners. Pro sales grew, aided by digital planning tools and the MyLowe's Pro Rewards program, while online sales jumped 15.7%, boosted by the Mylow AI agent, which has handled over 25 million questions and triples conversion rates for users. However, comparable transactions fell 2.1%, and management trimmed full-year guidance to about $92 billion in sales and $12.25 in adjusted earnings per share, citing cautious DIY spending and softer new-home construction. Adjusted operating margin slipped 62 basis points to 14%, and inventory rose to $17.7 billion, while adjusted debt to EBITDA stands at 3.0x against a 2.75x target not expected until mid-2027. Third-quarter earnings are guided roughly 7% below last year's adjusted EPS.
Lowe's Companies IncLowe's trimmed full-year guidance and Q3 EPS guidance is below last year, with margins down.
