Lowe's Q1 2026 Earnings Beat Estimates, Comps Rise 0.6%
Lowe's reported Q1 2026 adjusted EPS of $3.03, beating analyst estimates, as comparable sales rose 0.6% for the fourth consecutive quarter.
Key Numbers
Lowe's Companies, Inc. (NYSE: LOW) reported first-quarter 2026 results that exceeded analyst expectations, driven by continued comparable sales growth. The home improvement retailer posted adjusted earnings per share (EPS) of $3.03, above the Bloomberg consensus estimate of $2.95. Comparable sales increased 0.6% year-over-year, marking the fourth straight quarter of positive comps.
Key Financial Results
| Metric | Q1 2026 | YoY Change |
|---|---|---|
| Revenue | $22.4 billion | +1.2% |
| Net Income | $2.1 billion | +3.5% |
| Adjusted EPS | $3.03 | +4.1% |
| Comparable Sales | +0.6% | - |
Highlights from the Release
CEO Marvin Ellison attributed the performance to "strong demand for home improvement," noting an increase in small-to-medium renovation projects. Sales to professional customers also contributed to growth.
Future Guidance
Lowe's did not provide specific quarterly guidance but reaffirmed its full-year 2026 outlook: revenue between $88 billion and $90 billion, and comparable sales growth of 1% to 2%.
Stock Reaction
Shares of Lowe's rose 1.8% in pre-market trading following the announcement, reflecting investor optimism about sustained momentum.
What This Means for Investors
The results suggest stable demand in the home improvement sector despite inflationary pressures. Continued comparable sales growth may be a positive signal for investors seeking defensive stocks with moderate growth.
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