LOWES COMPANIES (LOW) Company Report

Lowe’s reported Q4 sales of $20.6 billion, comparable sales up 1.3%, and adjusted EPS of $1.98.
For FY 2025, total sales were $86.3 billion, comparable sales rose 0.2%, and adjusted EPS was $12.28.
The company expects 2026 sales of $92–94 billion, comparable sales flat to +2%, and adjusted EPS of $12.25–12.75.
Integration of Foundation Building Materials and Artisan Design Group is on track, targeting $8 billion in combined sales and capturing cost synergies.
Perpetual productivity improvements include ~600 role eliminations and a $1 billion productivity target for 2026.

3 days ago

Transcript

Lowe’s announces Q4 2026 results

LOW

Earnings

Guidance Update

M&A

Q4 sales were $20.6 billion with comparable-sales up 1.3%; for FY 2025, Lowe’s delivered $86.3 billion in sales, 0.2% comps growth, an adjusted operating margin of 12.1%, and adjusted EPS of $12.28 (+2% YoY).
GAAP diluted EPS was $1.78, and adjusted diluted EPS was $1.98, after $149 million of acquisition-related non-GAAP charges; comparable average ticket rose 3.6% while transactions declined 2.3% in Q4.
Inventory ended Q4 at $17.3 billion, flat YoY despite adding $500 million of acquisition inventory and tariffs; FY 2025 free cash flow was $7.7 billion, with $2.6 billion returned to shareholders and $2.2 billion in capital expenditures.
Lowe’s announced plans to eliminate approximately 600 corporate and support roles under its perpetual productivity improvement (PPI) program and provided 2026 guidance including $1 billion in productivity, integration of FBM and ADG to generate ~$8 billion in revenue (low-single-digit growth) and ~30 bps of margin dilution, amid a cautious housing macro outlook.

3 days ago

Transcript

Lowe’s reports Q4 2026 results

LOW

Earnings

Guidance Update

M&A

Lowe’s delivered Q4 sales of $20.6 billion with comparable sales up 1.3% and adjusted diluted EPS of $1.98 (excluding $149 million of acquisition-related charges).
For fiscal year 2025, Lowe’s generated $86.3 billion in sales, 0.2% comparable sales growth, 12.1% adjusted operating margin, and adjusted EPS of $12.28, flat on a margin basis when excluding acquisition impacts.
Lowe’s issued 2026 guidance for $92 billion–$94 billion in sales, flat to +2% comparable sales, 11.6%–11.8% adjusted operating margin, and $12.25–$12.75 adjusted EPS, incorporating 30 bp of dilution from its recent acquisitions.
Lowe’s completed integration plans for Foundation Building Materials and Artisan Design Group, expecting $8 billion of combined sales in 2026 and targeting cost synergies through its perpetual productivity improvement initiatives.

3 days ago

Transcript

Lowe’s announces Q4 2026 results

LOW

Earnings

Dividends

Q4 comparable sales rose 1.3%, while gross margin declined 40 bps to 32.5% (adj. 32.7%, –18 bps) and operating margin fell 157 bps to 8.3% (adj. 9.0%, –41 bps) in Q4 2026.
Diluted EPS for Q4 was $1.78 (–10.6% YoY) and adjusted EPS was $1.98 (+2.6% YoY).
For FY 2025, sales totaled $86.3 B with comparable sales up 0.2%; gross margin was 33.5% (+16 bps) and adjusted gross margin was 33.5% (+22 bps).
FY 2025 diluted EPS was $11.85 (–3.1%), with adjusted EPS of $12.28 (+2.4%).
Lowe’s returned $673 M to shareholders via dividends in Q4 and $2.6 B for the full year.

3 days ago

Presentation

Lowe’s reports Q4 2025 sales and earnings results

LOW

Earnings

Guidance Update

Dividends

Q4 sales of $20.6 billion, comparable sales up 1.3%, net earnings of $999 million, and diluted EPS of $1.78 (adjusted EPS $1.98, +2.6%)
Recognized $149 million in pre-tax expenses for the acquisitions of Foundation Building Materials and Artisan Design Group; excluding these items, adjusted EPS increased 2.6%
Returned $673 million in dividends in the quarter and $2.6 billion for the fiscal year
Provided 2026 outlook: $92.0–94.0 billion in sales, comparable sales flat to +2%, and diluted EPS of $11.75–12.25 (adjusted $12.25–12.75)

3 days ago

8-K

Lowe’s reports Q4 2025 results

LOW

Earnings

Guidance Update

M&A

Net earnings of $999 million and diluted EPS of $1.78 (adjusted EPS $1.98) for the quarter ended Jan. 30, 2026.
Total sales of $20.6 billion with comparable sales up 1.3%, driven by growth in Pro, online, and home services.
Recognized $149 million in pre-tax expenses related to the acquisitions of Foundation Building Materials and Artisan Design Group.
Provided full-year 2026 outlook: sales of $92.0–$94.0 billion, comparable sales flat to +2%, diluted EPS of $11.75–$12.25, and adjusted EPS of $12.25–$12.75.

3 days ago

Press Release

SKYX launches SKYFAN & Turbo Heater at Lowe’s

LOW

Product Launch

SKYX will introduce its patented all-in-one ceiling plug & play SKYFAN & Turbo Heater at U.S. retailer Lowe’s, offering six color options for residential and commercial markets.
Management expects significant growth in the Lowe’s channel and plans a broad rollout in Q1 2026 to coincide with the winter season.
The combined ceiling fan and heater targets a multi-billion-dollar market, with tens of millions of units sold annually in North America.

Jan 21, 2026, 2:00 PM

Press Release

Lowe’s outlines strategic pivot at Morgan Stanley conference

LOW

M&A

Positive comps for two consecutive quarters and double-digit growth in home insulation despite a stagnant housing macro, driven by cautious DIY big-ticket spend.
Emphasis on a 30 million-member DIY loyalty program (members shop 50 % more and spend twice as much) and substantial investments to modernize store showrooms and digital platforms.
Acquisition of FBM and ADG to access a $250 billion total addressable market in single-family, multifamily, and commercial construction, diversifying Lowe’s beyond its core DIY and small-medium pro segments.
Deployment of AI tools, including the “Milo” virtual assistant, to accelerate associate training, enhance customer service, and unlock productivity gains.

Dec 2, 2025, 1:45 PM

Transcript

Lowe’s outlines strategic pivot and acquisitions at Morgan Stanley conference

LOW

M&A

Demand Weakening

New Projects/Investments

In 2025, Lowe’s navigated a stagnant housing market with elevated mortgage rates, delivering positive comps for two consecutive quarters and gaining share in small-to-medium pro and home insulation services via double-digit comps in Q3.
The company has invested in digital and store upgrades, building a 30 million active DIY loyalty program whose members shop 50% more and spend twice as much.
Lowe’s acquired ADG and FBM to capture a $250 billion+ addressable single-family, multifamily, and commercial construction market, aiming to integrate drywall, cabinets, appliances, and other interior solutions across a unified IT platform.
Management targets reducing leverage to 2.75× by 2027 while maintaining capital priorities of investing in the business, dividends, and share buybacks, with only smaller tuck-ins planned to support the new platforms.
The firm is deploying AI tools like the “Milo” companion to cut training costs and boost associate productivity, with further AI-driven top-line enhancements under evaluation.

Dec 2, 2025, 1:45 PM

Transcript

Lowe’s outlines strategy and acquisitions at Morgan Stanley Global Consumer & Retail Conference

LOW

M&A

New Projects/Investments

Demand Weakening

Lowe’s noted the 2025 housing backdrop was broadly stagnant as forecasted, with elevated mortgage rates weighing on big-ticket DIY spend, yet still delivered two consecutive quarters of positive comparable sales and gained share in small-to-medium pro and home services insulation.
The company highlighted investments in its store environment and digital platforms, including a 30 million DIY loyalty member base that shops 50% more frequently and spends twice as much, and refreshed showrooms to position for recovery.
Lowe’s completed acquisitions of FBM and ADG to access a $250 billion total addressable market in single-family, multifamily, and commercial construction, unifying ERP platforms and aiming to offer a one-stop “interior solutions” service.
Capital allocation will continue to prioritize reinvestment in the business, dividends, and share buybacks, targeting leverage of 2.75× by 2027 without pursuing further large acquisitions; AI tools like “Milo” are being deployed to enhance productivity and customer service.

Dec 2, 2025, 1:45 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for LOWES COMPANIES.

Q4 2026

Feb 25, 2026

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Q3 2026

Nov 19, 2025

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Q2 2026

Aug 20, 2025

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LOWES COMPANIES (LOW)

Analyst Earnings Quarterly Reports

Q3 2026

Q2 2026

Q1 2026

Q4 2025

Executives

Marvin R. Ellison

Brandon J. Sink

Joseph M. McFarland III

Juliette W. Pryor

Seemantini Godbole

William P. Boltz

Board Members

Bertram L. Scott

Brian C. Rogers

Colleen Taylor

Laurie Z. Douglas

Lawrence Simkins

Mary Beth West

Navdeep Gupta

Raul Alvarez

Richard W. Dreiling

Sandra B. Cochran

Scott H. Baxter

Analyst Coverage

Christopher Horvers

Simeon Gutman

Peter Benedict

Seth Sigman

Brian Nagel

Kate McShane

Michael Lasser

Steven Forbes

Steven Zaccone

David Bellinger

Gregory Melich

Jonathan Matuszewski

Robbie Ohmes

Robert Ohmes

Scot Ciccarelli

Zach Fadem

Zhihan Ma

Charles Grom

Eric Bosshard

Karen Short

Katharine McShane

Zach

Zachary Fadem

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