Lowe's falls after cutting annual sales growth forecast

Lowe's Companies

19/08/2026 11:29

** Shares of Lowe's LOW.N slip 2% to $211.60 premarket
** The home improvement firm now sees no growth in FY comp sales
** Consumers stay cautious on costly renovation, discretionary spending
** Low now expects FY adj. EPS of $12.25, compared to previous expectation of $12.25 to $12.75 
** Outlook includes tariff refunds received during Q2
** Q2 sales of $25.96 bln misses est. $26.16 bln - data compiled by LSEG 
** Q2 adj. EPS of $4.40 vs est. $4.22
** Up to last close, stock down ~11% YTD

 (Reporting by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))