Lowe's reported second quarter 2026 results where resilient growth in professional and online channels was tempered by continued pressure in discretionary DIY spending. While earnings per share slightly exceeded analyst expectations, the company lowered its full year revenue and comparable sales outlook to reflect current demand trends and first-half operational results.
Key Highlights
- Total sales reached $26.0 billion, a slight miss against the $26.15 billion estimate, with comparable sales increasing only 0.2%.
- Online sales grew 15.7% during the quarter, representing a significant bright spot in the digital transformation strategy.
- Full year 2026 guidance was revised downward, with total sales now expected at approximately $92.0 billion versus the previous range of $92.0 to $94.0 billion.