Lowe's Companies IncLOW
▲ PositiveCapitalrelevance
Q2 sales up 8.3% to $26B, EPS beat at $4.40, and raised FY outlook despite soft DIY demand.
Impact on stocks 1
Consumer Discretionary
Lowe's Companies IncLowe's reported second-quarter sales of $26 billion, up 8.3% year over year, with comparable sales increasing 0.2%, and adjusted diluted earnings per share of $4.40, which exceeded expectations even excluding a $0.11 benefit from IEEPA tariff refunds. The company recognized $96 million in pre-tax non-GAAP charges from acquisition-related intangible asset amortization in the quarter. Despite heightened competitive pressures from competitors using tariff refunds to lower prices, Lowe's saw strong performance in Pro, Online, and Home Services, with online sales growing 15.7%. The company updated its full-year 2026 outlook to approximately $92 billion in sales, roughly flat comparable sales, adjusted operating margin of about 11.6%, and adjusted diluted EPS of approximately $12.25, reflecting continued soft DIY demand and pressure in residential construction. Lowe's also generated $3.1 billion in free cash flow and paid $673 million in dividends during the quarter.
Lowe's Companies IncQ2 sales up 8.3% to $26B, EPS beat at $4.40, and raised FY outlook despite soft DIY demand.