Lowe's narrows 2026 outlook after mixed second quarter

Lowe's Companies, Inc. (NYSE: LOW ) stock fell in Wednesday premarket trading after the home improvement retailer reported mixed second-quarter 2026 results and narrowed its full-year outlook below Wall Street estimates. 27 per share, unchanged from a year earlier. 22 analyst estimate.

GAAP and adjusted earnings included an 11-cent benefit from IEEPA tariff refunds. 16 billion estimate. 2%, supported by strength in Pro and home services. 7%.

However, continued pressure on discretionary DIY spending weighed on demand. "Sustained growth in Pro, Online and Home Services led to our fifth consecutive quarter of positive comp sales, despite pressure in discretionary DIY spending," Chairman, President and CEO Marvin R. Ellison said. He added that the company remains focused on executing its Total Home strategy and investing to support growth and profitability amid a dynamic near-term environment.

The quarter included $96 million in pretax expenses related to the Foundation Building Materials and Artisan Design Group acquisitions. 0 million square feet of retail selling space. 81% a year earlier. 48%.

61 billion a year earlier. 06 billion. 17 billion in cash and cash equivalents and paid $673 million in dividends during the quarter. 35 billion analyst estimate.

88 estimate. 6%. The outlook includes tariff refunds recognized in the second quarter but excludes potential additional refunds in the second half. 01 in Wednesday premarket trading, according to Pro data.

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