Lowe’s Q4 Sales Rise 1.3% to $20.6B, Guides $92–94B in 2026
Lowe’s Q4 sales were $20.6B with comparable sales up 1.3%, boosted by 10.5% online growth, Pro demand and winter storms adding about 200 bps. Fiscal 2026 guidance targets $92–94B sales, flat to 2% comps and adjusted EPS of $12.25–12.75, with 30–50 bps dilution from FBM and ADG acquisitions.
1. Q4 Financial Results
Lowe’s reported Q4 net sales of $20.6 billion with comparable sales up 1.3%, driven by a 3.6% increase in average ticket despite a 2.3% decline in transactions. Winter Storms Fern and Gianna contributed roughly 50 basis points to comparable sales in the quarter and about 200 basis points in January.
2. Digital and Pro Channel Growth
Online sales grew 10.5% as the Lowe’s app became the top free shopping app on Apple’s U.S. App Store on Black Friday, while the Pro segment saw strength from expanded inventory, enhanced job-site delivery and a tailored digital experience. The company now carries its largest selection of DEWALT power tools and has revamped the installation process with digital tools for “Do It For Me” customers.
3. Productivity Initiatives and Associate Incentives
Lowe’s completed its front-end transformation across all stores and launched AI-enabled shelf replenishment to improve inventory flow. Under its perpetual productivity improvement program, the company is eliminating about 600 corporate roles and awarded $125 million in discretionary bonuses to frontline associates for Q4 performance.
4. Fiscal 2026 Outlook and Acquisition Impact
Management guided fiscal 2026 sales of $92–94 billion with comparable sales flat to up 2% and adjusted EPS of $12.25–12.75, anticipating 30–50 basis points of margin dilution from the Foundation Building Materials and Artisan Design Group acquisitions, which are expected to add about $8 billion in annual sales.