Lowe's Companies Earnings Summary

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Lowe's Companies, Inc. reported first-quarter fiscal 2026 net earnings of $1.6 billion for the period ended May 1, 2026. Diluted earnings per share (EPS) came in at $2.90, compared with $2.92 in the same quarter last year. Total sales increased significantly to $23.1 billion, up from $20.9 billion in the prior-year quarter.

Excluding $96 million in pre-tax expenses tied to intangible asset amortization related to the acquisitions of Artisan Design Group (ADG) and Foundation Building Materials (FBM), adjusted diluted EPS was $3.03. This represented a 3.8% year-over-year increase and reflected continued operational strength despite ongoing pressure in the housing market.



Comparable sales rose 0.6% during the quarter, supported by a 15.5% increase in online sales as well as continued momentum in Pro sales, appliances, and home services. Chairman, President, and CEO Marvin R. Ellison said the company delivered a solid quarter through strong spring execution and continued progress on its "Total Home" strategy, even amid a challenging macroeconomic environment for housing. As of May 1, 2026, Lowe's operated 1,759 retail stores, along with 540 branches and 120 distribution centers. The company generated $3.35 billion in net cash from operating activities during the quarter and continued emphasizing shareholder returns and balance sheet management. Lowe's paid $674 million in dividends, invested $521 million in capital expenditures, and repaid $2.37 billion in debt.

During the quarter, Target invested $1.0 billion in capital expenditures, mainly focused on store remodels and new locations, representing a 31% increase from a year earlier. The company also returned $516 million to shareholders through dividends but did not repurchase shares. Looking ahead, Target raised its full-year 2026 outlook, now expecting net sales growth of around 4%, an operating margin rate more than 20 basis points above 2025 levels, and earnings per share near the high end of its previously projected $7.50 to $8.50 range.

Looking ahead, Lowe's reaffirmed its full-year fiscal 2026 outlook. The company expects total sales to range between $92.0 billion and $94.0 billion, representing approximately 7% to 9% growth over the prior year. Comparable sales are projected to be flat to up 2%. Lowe's also expects an operating margin between 11.2% and 11.4%, with an adjusted operating margin of 11.6% to 11.8%. Diluted EPS is forecast to range from $11.75 to $12.25, while adjusted diluted EPS is expected to be between $12.25 and $12.75. Capital expenditures for the year are anticipated to total up to $2.5 billion.

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