Lowe’s Maintains FY26 Outlook As Pro Segment And Digital Sales Drive Growth In Q1

• Adjusted EPS rose 3.8% YoY to $3.03, while comparable sales increased 0.6% and online sales climbed 15.5% during Q1.
• Lowe’s said big-ticket and discretionary purchases remain weak as DIY customers face economic pressure, though it expects transactions to improve later in FY26.
• The company reaffirmed FY26 guidance and said its Total Home strategy and Pro segment opportunities are supporting market share gains.

Shares of Lowe’s edged up by 0.2% on Wednesday, as the company reported net earnings of $1.6 billion and diluted earnings per share (EPS) of $2.90 for the quarter ended May 1, 2026.

The company also reported revenue of $23.08 billion, up 10.26% year-on-year. During the quarter, the company recorded $96 million in pre-tax expenses related to its acquisitions of Foundation Building Materials (FBM) and Artisan Design Group (ADG). Excluding these items, adjusted diluted EPS rose 3.8% year-on-year to $3.03.

Stocktwits sentiment on Lowe’s stock was “extremely bullish,” with message volume being “extremely high.”

Pro, Online And Appliances Drive Q1 Growth

During the Q1 2027 earnings call, Lowe’s stated that it had a solid start to the year, with comparable sales rising 0.6% and gains “driven by strong spring execution, along with continued strength in Pro, appliances, online and home services.”

Online sales grew 15.5% YoY during the quarter, marking continued momentum in the company’s digital push. CEO Marvin Ellison said the results reflected strong execution during the spring season despite a challenging housing environment.

“In spite of a challenging housing macro, we remain focused on advancing our Total Home strategy to provide the best experience for our customer,” Ellison added.

During Q1, comparable average ticket rose 1.5%, helped by modest price inflation and strength in the Pro and Appliances segments. However, comparable transactions declined 0.9% as gains in seasonal categories were offset by continued weakness in discretionary DIY spending.

LOW Sees Stronger Second Half Despite Continued DIY Pressure

Lowe’s said its company-led initiatives are expected to support sales growth in the second half of fiscal 2026, with management highlighting “meaningful growth opportunity” in the Pro customer segment.

At the same time, the retailer said big-ticket and discretionary purchases remain weak as DIY customers continue to face economic pressure.

Full Year 2026 Outlook

Lowe’s maintained its Full Year 2026 outlook, expecting revenue between $92 billion and $94 billion and comparable sales from flat to up 2% compared to the previous year.  Lowe’s said it remains focused on strengthening its balance sheet and is targeting a leverage ratio of 2.75x by mid-2027.

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