Companies /Consumer Cyclical

Lowe`s Cos. Inc

NYSE: LOW Home Improvement Retail
$199.84
▼ $0.21 (−0.11%) today
Markets closed · 1:01am ET

Q1 2026 Earnings

Reported May 21, 2025, 8:47am ET · SEC source
$2.92
Beat +1.48%
EPS · est. $2.88
$20.9B
Miss −0.18%
Revenue · est. $21.0B
−7.4%
Trailing market
LOW vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−4%−2%0+2%May 21May 22report 8:47am ETearnings−0.6%−4.2%
−4%−2%0+2%May 21May 22earnings−0.6%−4.2%
LOW −4.2%S&P 500 −0.6%
−4%−2%0+2%May 21May 22report 8:47am ETearnings−0.0%−4.2%
−4%−2%0+2%May 21May 22earnings−0.0%−4.2%
LOW −4.2%NASDAQ −0.0%
−6%−3%0May 20May 29report 8:47am ETearnings+0.3%−3.8%
−6%−3%0May 20May 29earnings+0.3%−3.8%
LOW −3.8%S&P 500 +0.3%
−6%−3%0May 20May 29report 8:47am ETearnings+1.1%−3.8%
−6%−3%0May 20May 29earnings+1.1%−3.8%
LOW −3.8%NASDAQ +1.1%
−1.68%
Day of report
−1.59%
Next session
−1.07%
One week
−3.25%
30 days

S&P 500 over the same 30 days: +4.10%.

Did LOW Beat Earnings? Q1 2026 Results

Lowe's posted a mixed first quarter for fiscal 2026, delivering a narrow earnings beat against a backdrop of falling sales as cautious consumers pulled back on big-ticket spending. Diluted EPS of $2.92 edged past the $2.88 consensus estimate by 1.48%, but revenue of $20.93 billion fell just short of the $20.97 billion Wall Street expected and slid 2.0% from the year-ago period, with comparable sales declining 1.7%. The most material drag was a sharp drop in transactions above $500, which fell 3.8%, as shoppers demonstrated clear reluctance to commit to larger discretionary purchases, a pattern that weighed broadly on DIY demand. Unfavorable early-quarter weather compounded the pressure, though Pro and online comparable sales both posted mid-single-digit growth, offering meaningful offsets. Gross margin expanded 19 basis points to 33.4%, underscoring disciplined cost management even as operating margin contracted 50 basis points to 11.9%. Looking ahead, Lowe's affirmed its full-year 2025 outlook, projecting total sales of $83.50 billion to $84.50 billion and diluted EPS of $12.15 to $12.40.

Key Takeaways
  • Pro comparable sales grew mid-single digits
  • Online comparable sales grew mid-single digits
  • Gross margin expanded 19 basis points year-over-year to 33.4%
  • Unfavorable weather earlier in the quarter pressured comparable sales
  • Later Easter timing benefited March by approximately 250bps and pressured April by a similar amount
  • Comp transactions declined 5.4% while average ticket increased 1.7% to $105.20
  • Only 3 of 15 regions delivered comp growth above company average
  • 4 of 14 product categories (Appliances, Building Materials, Rough Plumbing, Hardware) performed above company average

“Despite near-term uncertainty and housing market headwinds, our team's unwavering focus on exceptional customer service has elevated satisfaction scores and earned Lowe's the #1 ranking in Customer Satisfaction among Home Improvement Retailers by J.D. Power.”

Lowe's CEO, on the earnings call

Forward Guidance & Outlook

Lowe's affirmed its full year 2025 outlook: total sales of $83.5 to $84.5 billion; comparable sales flat to up 1%; operating margin of 12.3% to 12.4%; net interest expense of approximately $1.3 billion; depreciation and amortization of approximately $1.8 billion; effective tax rate of approximately 24.5%; diluted EPS of approximately $12.15 to $12.40; and capital expenditures of approximately $2.5 billion.

LOW YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$6.0B$12.0B$18.0B$21.4B$20.9BRevenue$6.7B$7.0BGross Profit$2.7B$2.5BOperating Income$1.8B$1.6BNet Income
$0$6.0B$12.0B$18.0BRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.