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Lowe's Q1 Revenue Beats Forecast, Shares Slip 3%

5/20/2026

46 9 Full Breakdown

Summary

Lowe’s Beats Forecast

Lowe’s Companies reported Q1 2026 revenue of $23.1 billion, beating the $22.97 billion forecast.
Adjusted earnings per share were $3.03, above the $2.97 consensus, while comparable sales rose 0.6%.
Online sales grew 15.5% and the Pro segment remained strong, supporting the results.
Shares slipped about 3% in pre-market trading as investors noted higher transportation costs and a guidance below Wall Street expectations.

Summary

Lowe's Flat Sales

Lowe's store footprint remained at 1,759 locations and same-store sales were flat year over year, showing limited organic growth.
Analysts gave 16 buy, 14 hold and 1 sell ratings while the 50-day call-to-put ratio rose to 2.22 with 3,734 calls versus 2,402 puts.
Market focus shifted from AI-driven sector rotation in late 2025 to the US-Iran conflict in early 2026, adding geopolitical pressure on consumer spending.

History

Historical Context

During the 2008 financial crisis, the Federal Reserve slashed rates while Home Depot’s sales fell 12% and Lowe’s trimmed $300 million of spending, cutting inventory and seeing a 1.4% sales drop. Those supply-chain shocks sparked the later “retail apocalypse,” and the same cost pressures now surface in Lowe’s Q1 2026 results for investors.

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Lowe’s Beats Forecast

Lowe’s Companies reported Q1 2026 revenue of $23.1 billion, beating the $22.97 billion forecast.
Adjusted earnings per share were $3.03, above the $2.97 consensus, while comparable sales rose 0.6%.
Online sales grew 15.5% and the Pro segment remained strong, supporting the results.
Shares slipped about 3% in pre-market trading as investors noted higher transportation costs and a guidance below Wall Street expectations.

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