Lowe'un 2026 'nın 2. çeyreğindeki kazancı: Kendin Yap harcamaları geride kalırken görünüm azaldı

Lowe's Q2 2026 earnings: outlook trimmed as DIY spending lags

Wed, August 19, 2026 at 2:50 PM GMT+3 2 min read

• LOW -0.08%

Lowe's trimmed its full-year 2026 outlook on Wednesday after second-quarter revenue fell short of expectations, as weakness in discretionary do-it-yourself spending continued to weigh on results.

The Mooresville, North Carolina-based home improvement retailer now expects total sales of $92 billion for the year, the bottom of its prior range of $92 billion to $94 billion. Comparable-store sales are projected to be flat, compared with a previous forecast of flat to up 2%. Full-year adjusted earnings per share guidance was narrowed to $12.25 from a prior range of $12.25 to $12.75, the company said.

For the quarter ended July 31, Lowe's reported net income of $2.4 billion, or $4.27 per share, unchanged from the same period a year earlier. Adjusted earnings per share came in at $4.40, up 1.6% from the prior-year adjusted figure. Total sales rose to $25.96 billion from $23.96 billion a year ago. Comparable sales edged up 0.2%, with professional and home services categories and a 15.7% jump in online sales providing a lift that was not enough to fully counter what the company characterized as ongoing macroeconomic headwinds for DIY customers.

The quarter's results included an 11-cent per share benefit from refunds related to IEEPA tariffs, the company said. Lowe's also recognized $96 million in pre-tax expenses tied to its acquisitions of Foundation Building Materials and Artisan Design Group.

Revenue for the quarter came in below analyst expectations. Analysts had forecast revenue of $26.16 billion, according to CNBC.

"Sustained growth in Pro, Online and Home Services led to our fifth consecutive quarter of positive comp sales, despite pressure in discretionary DIY spending," Lowe's chairman, president and chief executive Marvin Ellison said in a statement. "While the near-term remains dynamic, our teams are executing at a high level, advancing our Total Home strategy and investing to drive growth and profitability."

The updated outlook reflects broader pressure across the home improvement sector. Rival Home Depot, which released its own earnings report on Tuesday, told investors that shoppers have yet to re-engage with major renovation work and that the company still finds itself navigating what it called frozen housing market conditions, according to CNBC.

Lowe's stock fell about 2% in premarket trading on Wednesday.

As of July 31, Lowe's operated 1,761 stores with 196 million square feet of retail selling space. During the quarter, the company paid $673 million in dividends.