Lowe's Q2 2027: Fifth Straight EPS Beat, but Guidance Pulls Back
As seen on the 24/7 Wall St. homepage on August 19, 2026.
Pro, online and home services carried the quarter, with sales up 8.3% year over year and a fifth straight EPS beat versus the $4.22 consensus. The catch: full-year guidance was narrowed to the low end, flat comps and roughly $12.25 adjusted EPS, as DIY shoppers keep skipping big discretionary projects.
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Lowe's cleared consensus with adjusted earnings per share of $4.40, a fifth consecutive beat, yet management guided full-year 2026 to the low end of prior ranges on continued DIY softness. Keep an eye on the stock: the beat is backward-looking, the guidance cut is not.
Digital sales rose 15.7% from the prior year, with nine of thirteen product categories posting positive comparable sales.
Lowe's now projects flat comparable sales for the year and adjusted diluted EPS of approximately $12.25, reflecting ongoing softness among DIY shoppers deferring larger discretionary projects.
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Gross profit growth of 12.2% year over year outpaced revenue, but operating income grew just 2.3% as acquisition-related intangible amortization weighed on the line.
CEO Marvin R. Ellison credited the Total Home strategy and frontline execution for sustaining positive comp sales, and the updated outlook excludes additional tariff refunds in the second half.