Lowe's: Comparable Q4 Sales See 1.3% Boost

Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.0 billion and diluted earnings per share (EPS) of $1.78 for the quarter ended Jan. 30, 2026, compared to diluted EPS of $1.99 in the fourth quarter of 2024. During the fourth quarter, the company recognized $149 million in pre-tax expenses associated with the acquisitions of Foundation Building Materials (FBM) and Artisan Design Group (ADG). Excluding these expenses, fourth quarter 2025 adjusted diluted EPS1 increased 2.6% to $1.98 compared to the prior year adjusted diluted EPS1. 

Total sales for the quarter were $20.6 billion, compared to $18.6 billion in the prior-year quarter. Comparable sales for the quarter increased 1.3%, driven by continued growth in Pro, online, and home services sales, as well as strong holiday performance.

"We delivered strong results this quarter, as our Total Home strategy is resonating with both our Pro and DIY customers, which was evident during a great holiday season. Given our outperformance this quarter, we awarded $125 million in discretionary bonuses to our frontline associates in recognition of their hard work and outstanding customer service," said Marvin R. Ellison, Lowe's chairman, president and CEO. "While the housing macro remains pressured, we are focused on directing what is within our control, which includes our ongoing productivity initiatives. We remain confident that we are well-positioned to take share regardless of the macro environment."

As of Jan. 30, 2026, Lowe's operated 1,759 stores representing approximately 196 million square feet of retail selling space.

Capital Allocation
With a disciplined focus on its capital allocation program, the company remains committed to generating sustainable shareholder value. During the quarter, the company paid $673 million in dividends. For the fiscal year, the company returned $2.6 billion to shareholders through dividends.

_{^{1 Adjusted diluted earnings per share is a non-GAAP financial measure. Refer to the "Non-GAAP Financial Measures Reconciliation" section of this release for additional information, as well as reconciliations between the Company's GAAP and non-GAAP financial results.}}

Lowe's Business Outlook

The company is introducing its outlook for fiscal 2026, which reflects ongoing uncertainty in the home improvement market.

Full Year 2026 Outlook

• Total sales of $92.0 to $94.0 billion or an increase of approximately 7% to 9% compared to prior year
• Comparable sales expected to be flat to up 2% as compared to prior year
• Operating income as a percentage of sales (operating margin) of 11.2% to 11.4%
• Adjusted1 operating income as a percentage of sales (adjusted operating margin) of 11.6% to 11.8%
• Net interest expense of approximately $1.6 billion
• Effective income tax rate of approximately 24.5%
• Diluted earnings per share of approximately $11.75 to $12.25
• Adjusted1 diluted earnings per share of approximately $12.25 to $12.75
• Capital expenditures of approximately $2.5 billion

Source : Lowe's

Image : Lowe's

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