Lowe's reported first quarter 2026 results that surpassed analyst expectations, with total sales of $23.1 billion and adjusted diluted EPS of $3.03. The company's performance was supported by its fourth consecutive quarter of positive comparable sales, and it maintained its guidance for the full fiscal year.
Key Highlights
- Comparable sales increased 0.6%, driven by continued strength in the Professional (Pro) customer segment and appliances.
- Online sales demonstrated strong growth, increasing 15.5% compared to the prior-year period.
- Management reaffirmed its full-year 2026 outlook, projecting total sales between $92.0 and $94.0 billion and comparable sales to be flat to up 2%.