Lowe's jumps on quarterly profit beat despite lower sales forecast

Lowe's Companies

19/08/2026 15:43

Updates
** Shares of Lowe's LOW.N rise 4% at $225.24 in morning trading
** Home improvement firm beats estimates for quarterly profit, supported by tariff refunds, strong performance in its professional contractor segment
** Reports Q2 adj. EPS of $4.40 including tariff gains, beating analysts' average estimate of $4.22 - data compiled by LSEG
** LOW sees FY adj. EPS of $12.25, at the lower end of expectations as consumers stay cautious on costly renovation, discretionary spending
** Stock fell in premarket trading, owing to muted forecast
** Forecast includes tariff refunds received during Q2
** Q2 sales of $25.96 bln misses est. $26.16 bln
     ** "2Q comps missed Street, though margins were better than expected due to tariff refunds," Jefferies analysts say
** Up to last close, stock down ~11% YTD

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