Lowe's Bets on Caution as DIY Spending Slows, Trims Full-Year Outlook
TL;DR Summary
Lowe's beat Q2 earnings with adjusted EPS of $4.27 on about $26 billion in revenue (just shy of expectations), aided by a $0.11 tariff refund, but it issued a more cautious full-year outlook as DIY spending remains under pressure. The company now guides 2026 sales near $92 billion with flat comparable sales and roughly $12.25 in adjusted EPS at the low end. CEO Marvin Ellison stressed the ongoing total-home strategy while acknowledging macro uncertainty and cautious discretionary spending; the stock rose on the beat.
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