Morningstar

Lowe's Sales Rise Boosted by Online Growth

Provided by Dow Jones May 20, 2026, 10:36:00 AM

By Nicholas G. Miller

Lowe's reported higher first-quarter sales boosted by growth in its online channel, even as a stagnant housing market continues to weigh on home improvement activity

The company posted net income of $1.63 billion, or $2.90 a share, compared with $1.64 billion, or $2.92 a share, the year prior.

Adjusted earnings were $3.03 a share. Analysts polled by FactSet had expected $2.97 a share.

Sales rose to $23.08 billion from $20.93 billion the year before. Wall Street had expected $22.98 billion.

Comparable sales increased 0.6%, which the company said was driven by 16% online sales growth and strength in appliances, home services and sales to professional customers.

Analysts had expected comparable sales growth of 0.7%.

The company reiterated its full-year outlook for comparable sales growth of flat to up 2% and adjusted earnings of $12.25 to $12.75 a share.

Write to Nicholas G. Miller at nicholas.miller@wsj.com

(END) Dow Jones Newswires

May 20, 2026 06:36 ET (10:36 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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