The Bad PlaceUS Top News and Analysis | Lowe's beats Wall Street expectations against 'challenging' housing backdrop
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Lowe’s reported first‑quarter results that topped Wall Street forecasts, posting adjusted earnings of $3.03 per share versus the $2.97 expected and revenue of $23.08 billion against $22.97 billion anticipated, with net income of $1.63 billion. The 10% revenue rise was driven by strong spring execution, a 15.5% jump in online sales, and robust performance in appliances, home services and professional‑contractor sales. Despite a “challenging housing macro,” CEO Marvin Ellison said the company remains focused on its Total Home strategy and reaffirmed its full‑year outlook of $92‑94 billion in sales and $12.25‑$12.75 in earnings per share. The news caused a modest dip in the stock in pre‑market trading, while rival Home Depot also beat expectations and reiterated its guidance.
Read more: https://www.cnbc.com/2026/05/20/lowes-low-q1-2026-earnings.html