Lowe's Q1 2026 earnings beat estimates, comparable sales rise

Revenue of $23.1 cardinal cleared the $22.97 cardinal Wall Street forecast, per CNBC, and marked a astir 10% betterment implicit the aforesaid 4th past year. A 15.5% leap successful e-commerce, on with robust request successful appliances, location services, and the nonrecreational contractor segment, pushed comparable income up 0.6% for the period.

On a GAAP basis, per-diluted-share net dipped to $2.90 from $2.92 a twelvemonth ago, with nett income edging down to $1.63 cardinal from $1.64 cardinal implicit the aforesaid stretch. The institution recognized $96 cardinal successful pre-tax expenses tied to its acquisitions of Foundation Building Materials and Artisan Design Group, which weighed connected the reported figure.

Marvin Ellison, the company's chairman, president, and CEO, pointed to broader marketplace headwinds successful a prepared statement: "In spite of a challenging lodging macro, we stay focused connected advancing our Total Home strategy to supply the champion acquisition for our customer."

Full-year 2026 guidance was near intact, with absorption targeting gross successful a $92 cardinal to $94 cardinal scope — a 7% to 9% year-over-year assistance — portion projecting adjusted diluted EPS betwixt $12.25 and $12.75 and comparable income maturation of level to 2%. Capital expenditures are projected astatine up to $2.5 billion.

During the quarter, Lowe's paid $674 cardinal successful dividends. The institution operated 1,759 stores arsenic of May 1, representing 196.0 cardinal quadrate feet of retail selling space.