Lowe's Q1 Sales Hit $23.1B, Comparable Sales +0.6%, Adj. EPS $3.03
Lowe's reported Q1 net earnings of $1.6 billion with diluted EPS of $2.90 and adjusted EPS of $3.03, while quarterly sales rose to $23.1 billion from $20.9 billion. Comparable sales grew 0.6% with 15.5% online sales expansion, and the company reaffirmed full-year 2026 outlook.
1. First Quarter Financial Performance
Lowe's net earnings totaled $1.6 billion for Q1, generating diluted EPS of $2.90 and adjusted diluted EPS of $3.03 compared with $2.92 a year ago. Total sales climbed to $23.1 billion from $20.9 billion in the prior-year quarter.
2. Sales Composition and Drivers
Comparable sales rose 0.6% driven by strong spring execution, a 15.5% increase in online sales, and continued momentum in appliances, home services and Pro customer segments.
3. Acquisition-Related Expenses
The quarter included $96 million in pre-tax expenses tied to the Foundation Building Materials and Artisan Design Group acquisitions, which were excluded from adjusted EPS calculations.
4. Outlook and Capital Allocation
Lowe's reaffirmed full-year 2026 guidance with sales of $92–94 billion, adjusted EPS of $12.25–12.75, operating margins of 11.6–11.8%, and up to $2.5 billion in capital expenditures, while paying $674 million in dividends.