US Market News
3週前
LOWE'S COMPANIES, INC. ANNOUNCES INCREASE IN QUARTERLY CASH DIVIDEND TO $1.25 PER SHAREMay 29, 2026 7:41 AM
PR Newswire (US) MOORESVILLE, N.C., May 29, 2026 /PRNewswire/ -- The board of directors of Lowe's Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend of one dollar and 25 cents ($1.25) per share, payable Aug. 5, 2026, to shareholders of record as of July 22, 2026. This represents a 4% increase over the company's previous dividend of one dollar and 20 cents ($1.20) per share. "I am pleased with our company's continued disciplined execution while at the same time investing in our Total Home strategy for the future. The momentum we are building across our strategic initiatives continues to position Lowe's for long-term growth," said Marvin R. Ellison, Lowe's chairman, president and CEO. "Today's dividend increase underscores the board's confidence in the company's trajectory, our disciplined capital allocation strategy and our commitment to delivering sustainable shareholder value."Lowe's has paid a cash dividend every quarter since going public in 1961. It has increased the dividend for more than 25 consecutive years and values its status as a Dividend Aristocrat.About Lowe'sLowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company with total fiscal 2025 sales of more than $86 billion. Lowe's employs approximately 300,000 associates and operates over 1,750 home improvement stores, 540 branches and 120 distribution centers. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Lowes.com.Disclosure Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements including words such as "believe", "expect", "anticipate", "plan", "desire", "project", "estimate", "intend", "will", "should", "could", "would", "may", "strategy", "potential", "opportunity", "outlook", "scenario", "guidance", and similar expressions are forward-looking statements. Forward-looking statements involve, among other things, expectations, projections and assumptions about future financial and operating results, objectives (including objectives related to environmental and social matters), business outlook, priorities, sales growth, shareholder value, capital expenditures, cash flows, the housing market, the home improvement industry, demand for products and services including customer acceptance of new offerings and initiatives, macroeconomic conditions and consumer spending, trade policy changes and additional tariffs, and Lowe's strategic initiatives, including those relating to acquisitions and dispositions and the impact of such transactions on our strategic and operational plans and financial results. Such statements involve risks and uncertainties, and we can give no assurance that they will prove to be correct. Actual results may differ materially from those expressed or implied in such statements.A wide variety of potential risks, uncertainties, and other factors could materially affect our ability to achieve the results either expressed or implied by these forward-looking statements including, but not limited to, changes in general economic conditions, such as volatility and/or lack of liquidity from time to time in U.S. and world financial markets and the consequent reduced availability and/or higher cost of borrowing to Lowe's and its customers, slower rates of growth in real disposable personal income that could affect the rate of growth in consumer spending, inflation and its impacts on discretionary spending and on our costs, shortages and other disruptions in the labor supply, interest rate and currency fluctuations, home price appreciation or decreasing housing turnover, age of housing stock, the availability of consumer credit and of mortgage financing, trade policy changes or additional tariffs, outbreaks of pandemics, fluctuations in fuel and energy costs, inflation or deflation of commodity prices, natural disasters, geopolitical or armed conflicts, acts of both domestic and international terrorism, and other factors that can negatively affect our customers.Investors and others should carefully consider the foregoing factors and other uncertainties, risks and potential events including, but not limited to, those described in "Item 1A - Risk Factors" in our most recent Annual Report on Form 10-K and as may be updated from time to time in Item 1A in our quarterly reports on Form 10-Q or other subsequent filings with the SEC. All such forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update these statements other than as required by law.Contacts:Shareholder / Analyst Inquiries:Media Inquiries:
Shelly HubbardSteve Salazar
704-775-3856steve.j.salazar@lowes.com
Shelly.hubbard@lowes.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/lowes-companies-inc-announces-increase-in-quarterly-cash-dividend-to-1-25-per-share-302785592.htmlSOURCE Lowe's Companies, Inc. Original: LOWE'S COMPANIES, INC. ANNOUNCES INCREASE IN QUARTERLY CASH DIVIDEND TO $1.25 PER SHARE
US Market News
1月前
LOWE'S REPORTS FIRST QUARTER 2026 SALES AND EARNINGS RESULTSMay 20, 2026 6:00 AM
PR Newswire (US) — Diluted EPS of $2.90; Adjusted Diluted EPS1 of $3.03 —
— Comparable Sales increased 0.6% —
— Affirms Full Year 2026 Outlook —MOORESVILLE, N.C., May 20, 2026 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.6 billion and diluted earnings per share (EPS) of $2.90 for the quarter ended May 1, 2026, compared to diluted EPS of $2.92 in the first quarter of 2025. During the first quarter, the company recognized $96 million in pre-tax expenses associated with the acquisitions of Foundation Building Materials (FBM) and Artisan Design Group (ADG). Excluding these expenses, first quarter 2026 adjusted diluted EPS1 increased 3.8% to $3.03 compared to the prior-year diluted EPS. Total sales for the quarter were $23.1 billion, compared to $20.9 billion in the prior-year quarter. Comparable sales for the quarter increased 0.6%, driven by strong spring execution as well as a 15.5% online sales growth and continued strength in appliances, home services and Pro sales."Strong spring execution and continued momentum in Pro, Appliances, Online, and Home Services supported a solid start to the year as we delivered our fourth consecutive quarter of positive comp sales," said Marvin R. Ellison, Lowe's chairman, president and CEO. "In spite of a challenging housing macro, we remain focused on advancing our Total Home strategy to provide the best experience for our customer. I'd also like to thank our associates for their dedication to serving our customers throughout the busy spring season."As of May 1, 2026, Lowe's operated 1,759 stores, representing 196.0 million square feet of retail selling space.Capital Allocation
The company remains committed to generating sustainable shareholder value through a disciplined focus on its capital allocation program. During the quarter, the company paid $674 million in 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 affirming its outlook for fiscal year 2026.Full Year 2026 OutlookTotal sales of $92.0 to 94.0 billion or an increase of approximately 7% to 9% compared to prior yearComparable sales expected to be flat to up 2% as compared to prior yearOperating 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 billionEffective income tax rate of approximately 24.5%Diluted earnings per share of approximately $11.75 to $12.25Adjusted1 diluted earnings per share of approximately $12.25 to $12.75Capital expenditures of up to $2.5 billionA conference call to discuss first quarter 2026 operating results is scheduled for today, Wednesday, May 20, at 9 a.m. ET. The conference call will be available by webcast and can be accessed by visiting Lowe's website at ir.lowes.com and clicking on Lowe's First Quarter 2026 Earnings Conference Call Webcast. Supplemental slides will be available prior to the start of the conference call. A replay of the call will be archived at ir.lowes.com.Lowe's Companies, Inc. Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company with total fiscal year 2025 sales of more than $86 billion. Lowe's employs approximately 300,000 associates and operates over 1,750 home improvement stores, 540 branches and 120 distribution centers. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Lowes.com.
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.
Disclosure Regarding Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements including words such as "believe", "expect", "anticipate", "plan", "desire", "project", "estimate", "intend", "will", "should", "could", "would", "may", "strategy", "potential", "opportunity", "outlook", "scenario", "guidance", and similar expressions are forward-looking statements. Forward-looking statements involve, among other things, expectations, projections, and assumptions about future financial and operating results, objectives (including objectives related to environmental and social matters), business outlook, priorities, sales growth, shareholder value, capital expenditures, cash flows, the housing market, the home improvement industry, demand for products and services including customer acceptance of new offerings and initiatives, macroeconomic conditions and consumer spending, trade policy changes and additional tariffs, share repurchases, and Lowe's strategic initiatives, including those relating to acquisitions and dispositions and the impact of such transactions on our strategic and operational plans and financial results. Such statements involve risks and uncertainties, and we can give no assurance that they will prove to be correct. Actual results may differ materially from those expressed or implied in such statements.A wide variety of potential risks, uncertainties, and other factors could materially affect our ability to achieve the results either expressed or implied by these forward-looking statements including, but not limited to, changes in general economic conditions, such as volatility and/or lack of liquidity from time to time in U.S. and world financial markets and the consequent reduced availability and/or higher cost of borrowing to Lowe's and its customers, slower rates of growth in real disposable personal income that could affect the rate of growth in consumer spending, inflation and its impacts on discretionary spending and on our costs, shortages, and other disruptions in the labor supply, interest rate and currency fluctuations, home price appreciation or decreasing housing turnover, age of housing stock, the availability of consumer credit and of mortgage financing, trade policy changes or additional tariffs, outbreaks of pandemics, fluctuations in fuel and energy costs, inflation or deflation of commodity prices, natural disasters, geopolitical or armed conflicts, acts of both domestic and international terrorism, and other factors that can negatively affect our customers.Investors and others should carefully consider the foregoing factors and other uncertainties, risks and potential events including, but not limited to, those described in "Item 1A - Risk Factors" in our most recent Annual Report on Form 10-K and as may be updated from time to time in Item 1A in our quarterly reports on Form 10-Q or other subsequent filings with the SEC. All such forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update these statements other than as required by law. LOW-IRContacts: Shareholder/Analyst Inquiries:
Media Inquiries:
Shelly Hubbard
Steve Salazar
704-775-3856
steve.j.salazar@lowes.com
shelly.hubbard@lowes.com
Lowe's Companies, Inc.Consolidated Statements of Current Earnings and Accumulated Deficit (Unaudited)In Millions, Except Per Share and Percentage Data
Three Months Ended
May 1, 2026
May 2, 2025Current EarningsAmount
% Sales
Amount
% SalesNet sales$ 23,078
100.00
$ 20,930
100.00Cost of sales15,535
67.32
13,944
66.62Gross margin7,543
32.68
6,986
33.38Expenses:
Selling, general and administrative4,423
19.16
4,046
19.33Depreciation and amortization566
2.45
446
2.13Operating income2,554
11.07
2,494
11.92Interest – net399
1.73
337
1.61Pre-tax earnings2,155
9.34
2,157
10.31Income tax provision527
2.29
516
2.47Net earnings$ 1,628
7.05
$ 1,641
7.84
Weighted average common shares outstanding – basic559
559
Basic earnings per common share (1)$ 2.90
$ 2.93
Weighted average common shares outstanding – diluted560
560
Diluted earnings per common share (1)$ 2.90
$ 2.92
Cash dividends per share$ 1.20
$ 1.15
Accumulated Deficit
Balance at beginning of period$ (10,839)
$ (14,799)
Net earnings1,628
1,641
Cash dividends declared(673)
(645)
Share repurchases—
(30)
Balance at end of period$ (9,884)
$ (13,833)
(1)Under the two-class method, earnings per share is calculated using net earnings allocable to common shares, which is derived by reducing net earnings by the earnings allocable to participating securities. Net earnings allocable to common shares used in the basic and diluted earnings per share calculation were $1,623 million for the three months ended May 1, 2026, and $1,636 million for the three months ended May 02, 2025.
Lowe's Companies, Inc.Consolidated Statements of Comprehensive Income (Unaudited)In Millions, Except Percentage Data
Three Months Ended
May 1, 2026
May 2, 2025
Amount
% Sales
Amount
% SalesNet earnings$ 1,628
7.05
$ 1,641
7.84Cash flow hedges – net of tax (3)
(0.01)
(3)
(0.01)Other(2)
(0.01)
—
—Other comprehensive loss(5)
(0.02)
(3)
(0.01)Comprehensive income$ 1,623
7.03
$ 1,638
7.83
Lowe's Companies, Inc.Consolidated Balance Sheets (Unaudited)In Millions, Except Par Value Data
May 1, 2026
May 2, 2025Assets
Current assets:
Cash and cash equivalents
$ 786
$ 3,054Short-term investments
458
368Receivables - net
1,151
96Merchandise inventory - net
18,447
18,335Other current assets
1,320
822Total current assets
22,162
22,675Property, less accumulated depreciation
18,254
17,636Operating lease right-of-use assets
4,182
3,799Long-term investments
247
300Deferred income taxes - net
—
118Goodwill
3,945
311Intangible assets - net
5,807
274Other assets
344
259Total assets
$ 54,941
$ 45,372
Liabilities and shareholders' deficit
Current liabilities:
Short-term borrowings
$ 380
$ —Current maturities of long-term debt
810
4,183Current operating lease liabilities
662
562Accounts payable
11,975
11,235Accrued compensation and employee benefits
972
853Deferred revenue
1,629
1,500Other current liabilities
3,846
4,055Total current liabilities
20,274
22,388Long-term debt, excluding current maturities
36,751
30,541Noncurrent operating lease liabilities
3,937
3,669Deferred income taxes - net
1,239
—Deferred revenue - Lowe's protection plans
1,248
1,266Other liabilities
762
762Total liabilities
64,211
58,626
Shareholders' deficit:
Preferred stock, $5 par value: Authorized - 5.0 million shares; Issued and outstanding -
none
—
—Common stock, $0.50 par value: Authorized - 5.6 billion shares; Issued and outstanding -
561 million and 560 million, respectively
280
280Capital in excess of par value
68
13Accumulated deficit
(9,884)
(13,833)Accumulated other comprehensive income
266
286Total shareholders' deficit
(9,270)
(13,254)Total liabilities and shareholders' deficit
$ 54,941
$ 45,372
Lowe's Companies, Inc.Consolidated Statements of Cash Flows (Unaudited)In Millions
Three Months Ended
May 1, 2026
May 2, 2025Cash flows from operating activities:
Net earnings$ 1,628
$ 1,641 Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization644
507 Noncash lease expense169
131 Deferred income taxes203
126Loss on property and other assets - net4
20 Share-based payment expense65
58 Changes in operating assets and liabilities:
Accounts receivable(63)
(3) Merchandise inventory – net(1,145)
(926) Other operating assets(125)
(103) Accounts payable2,212
1,945 Other operating liabilities(242)
(17) Net cash provided by operating activities3,350
3,379
Cash flows from investing activities:
Purchases of investments(337)
(391) Proceeds from sale/maturity of investments319
375 Capital expenditures(521)
(518) Proceeds from sale of property and other long-term assets6
2 Other – net32
(1) Net cash used in investing activities(501)
(533)
Cash flows from financing activities:
Net change in commercial paper378
— Repayment of debt(2,376)
(778)Proceeds from issuance of common stock under share-based payment plans2
2 Cash dividend payments(674)
(645) Repurchases of common stock(363)
(112) Other – net(12)
(20) Net cash used in financing activities(3,045)
(1,553)
Net (decrease)/increase in cash and cash equivalents(196)
1,293Cash and cash equivalents, beginning of period982
1,761Cash and cash equivalents, end of period$ 786
$ 3,054
Lowe's Companies, Inc.
Non-GAAP Financial Measure Reconciliation (Unaudited)To provide additional transparency, the Company has presented the non-GAAP financial measure of adjusted diluted earnings per share for the three months ended May 1, 2026. This measure excludes the impact of a certain item, further described below, to assist analysts and investors in understanding operational performance for the first quarter of fiscal 2026.Fiscal 2026 Impacts
During fiscal 2026, the Company recognized financial impacts from the following:In the first quarter of fiscal 2026, the Company recognized pre-tax expenses of $96 million consisting of intangible asset amortization related to the acquisitions of Artisan Design Group and Foundation Building Materials (Acquisition of businesses).In addition, the Company has presented full year fiscal 2026 guidance of the non-GAAP financial measures adjusted operating margin and adjusted diluted earnings per share, which exclude the impact of intangible asset amortization, and related tax effects if applicable, related to the acquisitions of Artisan Design Group and Foundation Building Materials. When evaluated with our GAAP results, we believe these non-GAAP measures provide investors with meaningful measures of comparable performance.Adjusted operating margin and adjusted diluted earnings per share should not be considered an alternative to, or more meaningful indicator of, the Company's operating margin or diluted earnings per share as prepared in accordance with GAAP. The Company's methods of determining non-GAAP financial measures may differ from the method used by other companies and may not be comparable.A reconciliation between the Company's GAAP and non-GAAP financial results is shown below and available on the Company's website at ir.lowes.com.
Three Months Ended
May 1, 2026Adjusted Diluted Earnings Per SharePre-Tax EarningsTax 1Net EarningsDiluted Earnings Per Share, As Reported
$ 2.90Acquisition of businesses0.17(0.04)0.13Adjusted Diluted Earnings Per Share
$ 3.031 Represents the corresponding tax benefit or expense specifically related to the item excluded from adjusted diluted earnings per share.Our adjusted operating margin and adjusted diluted earnings per share guidance for fiscal 2026 excludes an expected 40 basis point and $0.50 after tax impact, respectively, from intangible asset amortization. View original content to download multimedia:https://www.prnewswire.com/news-releases/lowes-reports-first-quarter-2026-sales-and-earnings-results-302776841.htmlSOURCE Lowe's Companies, Inc. Original: LOWE'S REPORTS FIRST QUARTER 2026 SALES AND EARNINGS RESULTS
US Market News
1月前
LOWE'S BRINGS MRBEAST EXPERIENCE INTO STORES WITH NEW KIDS CLUB WORKSHOPSMay 18, 2026 10:00 AM
PR Newswire (US) Registration opens today for new hands-on workshops where families can build exclusive MrBeast-inspired toy kits together this summerMOORESVILLE, N.C., May 18, 2026 /PRNewswire/ -- As families head into summer and look for ways to keep kids engaged beyond screens with easy, local activities, Lowe's is launching a new exclusive series of MyLowe's Rewards Kids Club workshops and buildable toy kits in collaboration with the most-followed digital creator in the world and member of the Lowe's Creator Network, MrBeast. LOWE'S BRINGS MRBEAST EXPERIENCE INTO STORES WITH NEW KIDS CLUB WORKSHOPSOnly available at Lowe's and beginning May 30, the workshop series is inspired by the MrBeast universe and designed to turn digital curiosity into hands-on creativity through buildable toy experiences tied to MrBeast Lab Swarms, the hugely popular collectible toy line with more than 100 Swarms kids can play with and collect.Each month, a new collectible kit will be available priced at $14.98 plus tax, which also includes exclusive MrBeast Swarms that kids can only collect from Lowe's, like the new Swarm Launcher, Swarm Spinner and Swarm Jet, giving families an activity, a take-home toy and a rare MrBeast collectible. By joining the monthly workshops, kids can earn a one-of-a-kind MrBeast badge to show off on their Kids Club aprons and a digital version to track within their profile on the Lowe's app."I have been obsessed with building things since I was a kid — it started with Lego forts and lately it's building businesses and crazy large-scale sets for our videos," said Jimmy Donaldson, aka MrBeast. "I'm psyched about the Kids Club partnership with Lowe's because we're giving kids more access to being creative and seeing their own projects come to life."According to recent Lowe's research, 87% of Gen Alpha parents hope to improve connection with their kids through DIY bonding while creating lifelong memories.* These workshops offer a simple way for families to turn that intent into action. Only available at Lowe's, kids can build three different toys for their Swarms to interact with, giving families a hands-on way to build, learn and spend time together just as they're planning summer activities and looking for things to do."As a parent, you're always looking for those moments that bring your kids closer, especially during the summer when routines shift and time together matters more than ever," said Jen Wilson, Lowe's senior vice president and chief marketing officer. "What makes this partnership with MrBeast so powerful is that we're taking something kids already love and bringing it into the real world through hands-on building experiences. By integrating the MrBeast universe into Kids Club, we're able to connect with the next generation in a way that feels relevant, engaging and uniquely Lowe's — turning digital fandom into something families can actually build together."Kids Club x MrBeast Summer Workshops
Designed for kids ages 8+, or younger builders with help from an adult, MyLowe's Rewards Kids Club workshops provide a consistent monthly destination for families looking for hands-on, screen-free activities throughout the summer where kids can also earn exclusive MrBeast badges for participating. In addition to the regularly scheduled monthly workshops, three MrBeast workshops have been added and feature a buildable MrBeast-inspired kit available for purchase:The Swarm Launcher (May 30): Ready, aim, build! Create a mini cannonball launcher for your Swarm and see how far it can safely soar!The Swarm Spinner (June 27): Build a giant Ferris wheel for your Swarm! Spin it, decorate it, and feel like you're riding high in a theme park of your own.The Swarm Jet (July 25): Ready for takeoff! Build a super jet for your Swarm, paint the wings, and imagine soaring to secret Swarm islands in the clouds!These first three workshops are available for registration on May 18, with future workshop dates anticipated as the Lowe's and MrBeast collaboration continues.Lowe's and MrBeast first joined forces in June 2025 with the announcement of Lowe's Creator, the first home improvement creator network, designed to help social media creators share project-driven stories that build affinity for their own brands and for Lowe's. At launch, Lowe's and MrBeast curated a dedicated storefront for fans to shop his favorite materials, tools and DIY projects – from obstacle courses to backyard builds – which brought MrBeast's signature creativity into homes across the country. Lowe's is also the exclusive building partner for season two of the Beast Games series.Registration Details
Registration for the MrBeast Kids Club workshops is now open. Participation requires MyLowe's Rewards members create a kids' profile and purchase the MrBeast Kids Club Swarm Toy at $14.98 plus tax. Quantities are limited. Space is limited and workshops sell out quickly.To Register: Visit Lowes.com/KidsClub or use the Lowe's mobile app.Who: Open to children of all ages (recommended for ages 8+, and younger with parent assistance) and their parents or guardians.Where: All 1750+ Lowe's home improvement stores nationwide.Families can also explore additional Kids Club workshops and programming at Lowes.com/KidsClub.*According to Lowe's ResearchAbout Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company with total fiscal 2025 sales of more than $86 billion. Lowe's employs approximately 300,000 associates and operates over 1,750 home improvement stores, 540 branches and 120 distribution centers. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Lowes.com.About MrBeast
MrBeast, founded by YouTube creator, entrepreneur, and philanthropist Jimmy Donaldson, is a global entertainment powerhouse known for its groundbreaking content, viral challenges, and large-scale philanthropic initiatives. With over 480 million subscribers, MrBeast became the most-subscribed YouTube channel in the world in June 2024 and now generates more than 6 billion impressions per month. His Prime Video series Beast Games became the streamer's most-watched unscripted series ever and broke 44 Guinness World Records, further cementing his impact beyond digital platforms. Donaldson was named the #1 creator on Forbes' 2023 Top Creators List and has been featured on both the TIME 100, TIME 100 Most Influential Companies, and the inaugural TIME 100 Climate list. In 2022, he launched Feastables, a snack brand that quickly became one of the fastest-growing CPG companies in history. A leader in digital-first philanthropy, Donaldson has spearheaded major global campaigns, including #TeamWater, which raised over $40 million to provide clean, safe drinking water to over 2 million people worldwide, #TeamTrees, which raised over $23 million to plant 23 million trees, and #TeamSeas, which removed 30 million pounds of waste from oceans, rivers, and beaches. In 2020, he founded Beast Philanthropy, a 501(c)(3) nonprofit that has since provided more than 40 million meals and funded critical infrastructure projects for underserved communities around the world.Contact:
Amanda Caskey
Lowe's Companies, Inc.
amanda.caskey@lowes.com View original content to download multimedia:https://www.prnewswire.com/news-releases/lowes-brings-mrbeast-experience-into-stores-with-new-kids-club-workshops-302774402.htmlSOURCE Lowe's Companies, Inc. Original: LOWE'S BRINGS MRBEAST EXPERIENCE INTO STORES WITH NEW KIDS CLUB WORKSHOPS
US Market News
4月前
LOWE'S REPORTS FOURTH QUARTER 2025 SALES AND EARNINGS RESULTSFebruary 25, 2026 6:00 AM
PR Newswire (US)
— Comparable Sales Increased 1.3% —
— Diluted EPS of $1.78; Adjusted Diluted EPS1 of $1.98 —
— Provides Full Year 2026 Outlook —MOORESVILLE, N.C., Feb. 25, 2026 /PRNewswire/ -- 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 yearComparable sales expected to be flat to up 2% as compared to prior yearOperating 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 billionEffective income tax rate of approximately 24.5%Diluted earnings per share of approximately $11.75 to $12.25Adjusted1 diluted earnings per share of approximately $12.25 to $12.75Capital expenditures of approximately $2.5 billionA conference call to discuss fourth quarter 2025 operating results is scheduled for today, Wednesday, Feb. 25, at 9 a.m. ET. The conference call will be available by webcast and can be accessed by visiting Lowe's website at ir.lowes.com and clicking on Lowe's Fourth Quarter 2025 Earnings Conference Call Webcast. Supplemental slides will be available approximately 15 minutes prior to the start of the conference call. A replay of the call will be archived at ir.lowes.com.
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 Companies, Inc. Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company serving approximately 16 million customer transactions a week, with total fiscal year 2025 sales of more than $86 billion. Lowe's employs approximately 300,000 associates and operates over 1,700 home improvement stores, 530 branches and 130 distribution centers. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Lowes.com.Disclosure Regarding Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements including words such as "believe", "expect", "anticipate", "plan", "desire", "project", "estimate", "intend", "will", "should", "could", "would", "may", "strategy", "potential", "opportunity", "outlook", "scenario", "guidance", and similar expressions are forward-looking statements. Forward-looking statements involve, among other things, expectations, projections, and assumptions about future financial and operating results, objectives (including objectives related to environmental and social matters), business outlook, priorities, sales growth, shareholder value, capital expenditures, cash flows, the housing market, the home improvement industry, demand for products and services including customer acceptance of new offerings and initiatives, macroeconomic conditions and consumer spending, share repurchases, and Lowe's strategic initiatives, including those relating to acquisitions and dispositions and the impact of such transactions on our strategic and operational plans and financial results. Such statements involve risks and uncertainties, and we can give no assurance that they will prove to be correct. Actual results may differ materially from those expressed or implied in such statements.A wide variety of potential risks, uncertainties, and other factors could materially affect our ability to achieve the results either expressed or implied by these forward-looking statements including, but not limited to, changes in general economic conditions, such as volatility and/or lack of liquidity from time to time in U.S. and world financial markets and the consequent reduced availability and/or higher cost of borrowing to Lowe's and its customers, slower rates of growth in real disposable personal income that could affect the rate of growth in consumer spending, inflation and its impacts on discretionary spending and on our costs, shortages, and other disruptions in the labor supply, interest rate and currency fluctuations, home price appreciation or decreasing housing turnover, age of housing stock, the availability of consumer credit and of mortgage financing, trade policy changes or additional tariffs, outbreaks of pandemics, fluctuations in fuel and energy costs, inflation or deflation of commodity prices, natural disasters, geopolitical or armed conflicts, acts of both domestic and international terrorism, and other factors that can negatively affect our customers.Investors and others should carefully consider the foregoing factors and other uncertainties, risks and potential events including, but not limited to, those described in "Item 1A - Risk Factors" in our most recent Annual Report on Form 10-K and as may be updated from time to time in Item 1A in our quarterly reports on Form 10-Q or other subsequent filings with the SEC. All such forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update these statements other than as required by law.LOW-IRContacts: Shareholder/Analyst Inquiries:
Media Inquiries:
Kate Pearlman
Steve Salazar
704-775-3856
steve.j.salazar@lowes.com
kate.pearlman@lowes.com
Lowe's Companies, Inc.Consolidated Statements of Current Earnings and Accumulated Deficit (Unaudited)In Millions, Except Per Share and Percentage Data
Three Months Ended
Fiscal Year Ended
January 30, 2026
January 31, 2025
January 30, 2026
January 31, 2025Current EarningsAmount
% Sales
Amount
% Sales
Amount
% Sales
Amount
% SalesNet sales$ 20,584
100.00
$ 18,553
100.00
$ 86,286
100.00
$ 83,674
100.00Cost of sales13,903
67.54
12,456
67.14
57,401
66.52
55,797
66.68Gross margin6,681
32.46
6,097
32.86
28,885
33.48
27,877
33.32Expenses:
Selling, general and administrative4,409
21.42
3,822
20.59
16,791
19.46
15,682
18.74Depreciation and amortization564
2.74
445
2.40
1,941
2.25
1,729
2.07Operating income1,708
8.30
1,830
9.87
10,153
11.77
10,466
12.51Interest – net403
1.96
328
1.77
1,406
1.63
1,313
1.57Pre-tax earnings1,305
6.34
1,502
8.10
8,747
10.14
9,153
10.94Income tax provision 306
1.49
377
2.04
2,093
2.43
2,196
2.63Net earnings$ 999
4.85
$ 1,125
6.06
$ 6,654
7.71
$ 6,957
8.31
Weighted average common shares outstanding
– basic560
562
559
567
Basic earnings per common share (1)$ 1.78
$ 2.00
$ 11.87
$ 12.25
Weighted average common shares outstanding
– diluted561
563
560
568
Diluted earnings per common share (1)$ 1.78
$ 1.99
$ 11.85
$ 12.23
Cash dividends per share$ 1.20
$ 1.15
$ 4.75
$ 4.55
Accumulated Deficit
Balance at beginning of period$ (11,165)
$ (13,993)
$ (14,799)
$ (15,637)
Net earnings999
1,125
6,654
6,957
Cash dividends declared(673)
(645)
(2,664)
(2,578)
Share repurchases—
(1,286)
(30)
(3,541)
Balance at end of period$ (10,839)
$ (14,799)
$ (10,839)
$ (14,799)
(1) Under the two-class method, earnings per share is calculated using net earnings allocable to common shares, which is derived by reducing net earnings by the earnings allocable to participating securities. Net earnings allocable to common shares used in the basic and diluted earnings per share calculation were $997 million and $1,122 million for the three months ended January 30, 2026, and January 31, 2025, respectively. Net earnings allocable to common shares used in the basic and diluted earnings per share calculation were $6,636 million and $6,940 million for the fiscal years ended January 30, 2026, and January 31, 2025, respectively. Lowe's Companies, Inc.Consolidated Statements of Comprehensive Income (Unaudited)In Millions, Except Percentage Data
Three Months Ended
Fiscal Year Ended
January 30, 2026
January 31, 2025
January 30, 2026
January 31, 2025
Amount
% Sales
Amount
% Sales
Amount
% Sales
Amount
% SalesNet earnings$ 999
4.85
$ 1,125
6.06
$ 6,654
7.71
$ 6,957
8.31Cash flow hedges – net of tax (3)
(0.01)
(4)
(0.02)
(17)
(0.02)
(13)
(0.02)Other—
—
—
—
—
—
1
0.01Other comprehensive loss(3)
(0.01)
(4)
(0.02)
(17)
(0.02)
(12)
(0.01)Comprehensive income$ 996
4.84
$ 1,121
6.04
$ 6,637
7.69
$ 6,945
8.30
Lowe's Companies, Inc.Consolidated Balance Sheets (Unaudited)In Millions, Except Par Value Data
January 30, 2026
January 31, 2025Assets
Current assets:
Cash and cash equivalents
$ 982
$ 1,761Short-term investments
370
372Receivables - net
1,090
94Merchandise inventory - net
17,300
17,409Other current assets
1,213
722Total current assets
20,955
20,358Property, less accumulated depreciation
18,362
17,649Operating lease right-of-use assets
4,303
3,738Long-term investments
319
277Deferred income taxes - net
—
244Goodwill
3,945
311Intangible assets - net
5,908
277Other assets
352
248Total assets
$ 54,144
$ 43,102
Liabilities and shareholders' deficit
Current liabilities:
Current maturities of long-term debt
$ 2,431
$ 2,586Current operating lease liabilities
713
563Accounts payable
9,762
9,290Accrued compensation and employee benefits
1,285
1,008Deferred revenue
1,477
1,358Other current liabilities
3,795
3,952Total current liabilities
19,463
18,757Long-term debt, excluding current maturities
37,490
32,901Noncurrent operating lease liabilities
4,043
3,628Deferred income taxes - net
1,039
—Deferred revenue - Lowe's protection plans
1,262
1,268Other liabilities
764
779Total liabilities
64,061
57,333
Shareholders' deficit:
Preferred stock, $5 par value: Authorized - 5.0 million shares; Issued and outstanding -
none
—
—Common stock, $0.50 par value: Authorized - 5.6 billion shares; Issued and outstanding -
561 million and 560 million, respectively
281
280Capital in excess of par value
370
—Accumulated deficit
(10,839)
(14,799)Accumulated other comprehensive income
271
288Total shareholders' deficit
(9,917)
(14,231)Total liabilities and shareholders' deficit
$ 54,144
$ 43,102
Lowe's Companies, Inc.Consolidated Statements of Cash Flows (Unaudited)In Millions
Fiscal Year Ended
January 30, 2026
January 31, 2025Cash flows from operating activities:
Net earnings$ 6,654
$ 6,957 Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization2,194
1,972 Noncash lease expense572
520 Deferred income taxes256
9 Loss on property and other assets – net53
5 Gain on sale of business—
(177) Share-based payment expense247
221 Changes in operating assets and liabilities:
Merchandise inventory – net703
(514) Other operating assets(243)
93 Accounts payable73
633 Other operating liabilities(645)
(94) Net cash provided by operating activities9,864
9,625
Cash flows from investing activities:
Purchases of investments(1,693)
(1,286) Proceeds from sale/maturity of investments1,658
1,204 Capital expenditures(2,213)
(1,927) Proceeds from sale of property and other long-term assets82
105 Proceeds from sale of business—
177 Acquisitions of businesses - net(10,088)
— Other – net(10)
(11) Net cash used in investing activities(12,264)
(1,738)
Cash flows from financing activities:
Net proceeds from issuance of debt6,974
— Repayment of debt(2,587)
(545)Proceeds from issuance of common stock under share-based payment plans149
159 Cash dividend payments(2,636)
(2,566) Repurchases of common stock(211)
(4,053) Other – net(68)
(42) Net cash provided by/(used in) financing activities1,621
(7,047)
Net (decrease)/increase in cash and cash equivalents(779)
840Cash and cash equivalents, beginning of period1,761
921Cash and cash equivalents, end of period$ 982
$ 1,761
Lowe's Companies, Inc.
Non-GAAP Financial Measure Reconciliation (Unaudited)To provide additional transparency, the Company has presented the non-GAAP financial measure of adjusted diluted earnings per share for the three months ended January 30, 2026 and January 31, 2025. This measure excludes the impact of certain items, further described below, not contemplated in Lowe's Business Outlook to assist analysts and investors in understanding operational performance for the fourth quarter of fiscal 2025.Fiscal 2025 Impacts:
During fiscal 2025, the Company recognized financial impacts from the following:In the fourth quarter of fiscal 2025, the Company recognized pre-tax expenses of $149 million consisting of transaction costs and intangible asset amortization related to the acquisition of Artisan Design Group and Foundation Building Materials (Acquisition of businesses).Fiscal 2024 Impacts:
During fiscal 2024, the Company recognized financial impacts from the following:In the fourth quarter of fiscal 2024, the Company recognized pre-tax income of $80 million consisting of a realized gain on the contingent consideration associated with the fiscal 2022 sale of the Canadian retail business (Canadian retail business transaction).In addition, the Company has presented full year fiscal 2026 guidance of the non-GAAP financial measures adjusted operating margin and adjusted diluted earnings per share, which exclude the impact of intangible asset amortization, and related tax effects if applicable, related to the acquisitions of Artisan Design Group and Foundation Building Materials. When evaluated with our GAAP results, we believe these non-GAAP measures provide investors with meaningful measures of comparable performance.Adjusted operating margin and adjusted diluted earnings per share should not be considered an alternative to, or more meaningful indicator of, the Company's operating margin or diluted earnings per share as prepared in accordance with GAAP. The Company's methods of determining non-GAAP financial measures may differ from the method used by other companies and may not be comparable.A reconciliation between the Company's GAAP and non-GAAP financial results is shown below and available on the Company's website at ir.lowes.com.
Three Months Ended
January 30, 2026
January 31, 2025Adjusted Diluted Earnings Per SharePre-Tax
Earnings
Tax1
Net
Earnings
Pre-Tax
Earnings
Tax1
Net
EarningsDiluted Earnings Per Share, As Reported
$ 1.78
$ 1.99Acquisition of businesses0.27
(0.07)
0.20
—
—
—Canadian retail business transaction—
—
—
(0.14)
0.08
(0.06)Adjusted Diluted Earnings Per Share
$ 1.98
$ 1.931 Represents the tax benefit or expense related to the item excluded from adjusted diluted earnings per share.Our adjusted operating margin and adjusted diluted earnings per share guidance for fiscal 2026 excludes an expected 40 basis point and $0.50 after tax impact, respectively, from intangible asset amortization.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lowes-reports-fourth-quarter-2025-sales-and-earnings-results-302696423.htmlSOURCE Lowe's Companies, Inc.
Original: LOWE'S REPORTS FOURTH QUARTER 2025 SALES AND EARNINGS RESULTS
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