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Lowe's (LOW) Q2 2026 earnings
CNBC • • business
Key Points:
- Lowe's reported mixed second-quarter results, with earnings per share of $4.40 adjusted and revenue of $25.96 billion, slightly below Wall Street expectations.
- The company updated its full-year guidance to the lower end, now expecting total sales of $92 billion and flat comparable sales, down from a previous range of $92 billion to $94 billion and flat to up 2%.
- Net income for the quarter was $2.4 billion, or $4.27 per share, with tariff refunds providing an 11 cent per share boost to earnings.
- Online sales rose 15.7%, driven by strong pro and home services sales, but overall growth was tempered by macroeconomic pressures affecting do-it-yourself customers.
- CEO Marvin Ellison highlighted ongoing execution of the Total Home strategy amid a slower housing market and cautious consumer spending.
