Lowe's (LOW) official guidance
Lowe's (LOW) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteLOWLOWES COMPANIES INCFY2026 · ends 2027-01-29
1 metricearnings call · 2026-08-20 04:01:16 UTC
2026-08-20 04:01:16 UTCat most $2.5B13% vs FY2025
We also continue to expect capital expenditures of up to $2.5 billion.
LOW · transcript · Q2 FY2026
2026-08-20 04:00:00 UTCOpen source
2026-08-19 12:45:50 UTCat most $2.5B13% vs FY2025
•Capital expenditures of up to $2.5 billion
LOW · EX-99.1 · Q2 FY2026
2026-08-19 12:45:07 UTCOpen source
2026-05-21 04:01:08 UTCat most $2.5B13% vs FY2025
We also expect capital expenditures of up to $2.5 billion.
LOW · transcript · Q1 FY2026
2026-05-21 04:00:00 UTCOpen source
2026-05-20 12:45:52 UTCat most $2.5B13% vs FY2025
•Capital expenditures of up to $2.5 billion
LOW · EX-99.1 · Q1 FY2026
2026-05-20 12:45:10 UTCOpen source
2026-02-26 05:01:09 UTC$2.5Bmaintained
We also expect capital expenditures of approximately $2.5 billion for the year as we invest in our strategic imperatives to drive growth.
LOW · transcript · Q4 FY2025
2026-02-26 05:00:00 UTCOpen source
2026-02-25 13:45:34 UTC$2.5Bnew
•Capital expenditures of approximately $2.5 billion
LOW · EX-99.1 · Q4 FY2025
2026-02-25 13:44:53 UTCOpen source
LOWLOWES COMPANIES INCFY2027
1 metric1 newearnings call · 2026-08-20 04:01:16 UTC
2026-08-20 04:01:16 UTC2.75xnew
We finished the quarter with adjusted debt to EBITDA of 3.0x as we progress towards our 2.75x leverage ratio target, which we expect to achieve in mid-2027.
LOW · transcript · Q2 FY2026
2026-08-20 04:00:00 UTCOpen source
LOWLOWES COMPANIES INCFY2026 · ends 2027-01-29
1 metric1 maintainedearnings call · 2026-08-20 04:01:16 UTC
2026-08-20 04:01:16 UTC$12.25maintained
We expect sales of approximately $92 billion with roughly flat comparable sales, and we expect adjusted operating margin of approximately 11.6% and full-year adjusted diluted earnings per share of approximately $12.25.
LOW · transcript · Q2 FY2026
2026-08-20 04:00:00 UTCOpen source
2026-08-19 12:45:50 UTC$12.25lowered -2.0%
•Adjusted1 diluted earnings per share of approximately $12.25 (previously $12.25 to $12.75)
LOW · EX-99.1 · Q2 FY2026
2026-08-19 12:45:07 UTCOpen source
2026-05-21 04:01:08 UTC$12.25 – $12.75maintained
We expect adjusted operating margin in a range of 11.6%-11.8% and full-year adjusted diluted earnings per share of approximately $12.25-$12.75.
LOW · transcript · Q1 FY2026
2026-05-21 04:00:00 UTCOpen source
2026-05-20 12:45:52 UTC$12.25 – $12.75maintained
•Adjusted1 diluted earnings per share of approximately $12.25 to $12.75
LOW · EX-99.1 · Q1 FY2026
2026-05-20 12:45:10 UTCOpen source
2026-02-26 05:01:09 UTC$12.25 – $12.75maintained
We expect adjusted diluted earnings per share of approximately $12.25-$12.75.
LOW · transcript · Q4 FY2025
2026-02-26 05:00:00 UTCOpen source
2026-02-25 13:45:34 UTC$12.25 – $12.75new
•Adjusted1 diluted earnings per share of approximately $12.25 to $12.75
LOW · EX-99.1 · Q4 FY2025
2026-02-25 13:44:53 UTCOpen source
LOWLOWES COMPANIES INCQ3 FY2026 · ends 2026-10-30
1 metric1 newearnings call · 2026-08-20 04:01:16 UTC
2026-08-20 04:01:16 UTC-7%new-7% vs Q3 FY2025
For the third quarter, we expect comp sales to be in line with our full-year outlook and adjusted diluted earnings per share to be approximately 7% below prior-year adjusted diluted earnings per share.
LOW · transcript · Q2 FY2026
2026-08-20 04:00:00 UTCOpen source
LOWLOWES COMPANIES INCFY2026 · ends 2027-01-29
2 metrics1 maintainedearnings call · 2026-08-20 04:01:16 UTC
2026-08-20 04:01:16 UTC11.6%maintained
We expect sales of approximately $92 billion with roughly flat comparable sales, and we expect adjusted operating margin of approximately 11.6% and full-year adjusted diluted earnings per share of approximately $12.25.
LOW · transcript · Q2 FY2026
2026-08-20 04:00:00 UTCOpen source
2026-08-19 12:45:50 UTC11.6%lowered -0.9%
•Adjusted1 operating income as a percentage of sales (adjusted operating margin) of 11.6%
LOW · EX-99.1 · Q2 FY2026
2026-08-19 12:45:07 UTCOpen source
2026-05-21 04:01:08 UTC11.6% – 11.8%maintained
We expect adjusted operating margin in a range of 11.6%-11.8% and full-year adjusted diluted earnings per share of approximately $12.25-$12.75.
LOW · transcript · Q1 FY2026
2026-05-21 04:00:00 UTCOpen source
2026-05-20 12:45:52 UTC11.6% – 11.8%maintained
•Adjusted1 operating income as a percentage of sales (adjusted operating margin) of 11.6% to 11.8%
LOW · EX-99.1 · Q1 FY2026
2026-05-20 12:45:10 UTCOpen source
2026-02-26 05:01:09 UTC11.6% – 11.8%maintained
We expect operating margin in a range of 11.2%-11.4% and adjusted operating margin in a range of 11.6%-11.8%.
LOW · transcript · Q4 FY2025
2026-02-26 05:00:00 UTCOpen source
2026-02-25 13:45:34 UTC11.6% – 11.8%new
•Adjusted1 operating income as a percentage of sales (adjusted operating margin) of 11.6% to 11.8%
LOW · EX-99.1 · Q4 FY2025
2026-02-25 13:44:53 UTCOpen source
2026-08-20 04:01:16 UTCroughly flat comparable sales
We expect sales of approximately $92 billion with roughly flat comparable sales, and we expect adjusted operating margin of approximately 11.6% and full-year adjusted diluted earnings per share of approximately $12.25.
LOW · transcript · Q2 FY2026
2026-08-20 04:00:00 UTCOpen source
2026-08-19 12:45:50 UTCflat as compared to prior year
•Comparable sales expected to be flat as compared to prior year (previously flat to up 2%)
LOW · EX-99.1 · Q2 FY2026
2026-08-19 12:45:07 UTCOpen source
2026-05-21 04:01:08 UTC0% – 2%maintained0% – 2% vs FY2025
We continue to expect sales in the range of $92 billion-$94 billion, with comparable sales in a range of flat to up 2%.
LOW · transcript · Q1 FY2026
2026-05-21 04:00:00 UTCOpen source
2026-05-20 12:45:52 UTC0% – 2%maintained0% – 2% vs FY2025
•Comparable sales expected to be flat to up 2% as compared to prior year
LOW · EX-99.1 · Q1 FY2026
2026-05-20 12:45:10 UTCOpen source
2026-02-26 05:01:09 UTC0% – 2%maintained0% – 2% vs FY2025
With that, we are expecting 2026 sales ranging from $92 billion-$94 billion, with comparable sales in a range of flat to up 2%.
LOW · transcript · Q4 FY2025
2026-02-26 05:00:00 UTCOpen source
2026-02-25 13:45:34 UTC0% – 2%new0% – 2% vs FY2025
•Comparable sales expected to be flat to up 2% as compared to prior year
LOW · EX-99.1 · Q4 FY2025
2026-02-25 13:44:53 UTCOpen source
LOWLOWES COMPANIES INCQ3 FY2026 · ends 2026-10-30
1 metric1 newearnings call · 2026-08-20 04:01:16 UTC
2026-08-20 04:01:16 UTCin line with our full-year outlooknew
For the third quarter, we expect comp sales to be in line with our full-year outlook and adjusted diluted earnings per share to be approximately 7% below prior-year adjusted diluted earnings per share.
LOW · transcript · Q2 FY2026
2026-08-20 04:00:00 UTCOpen source
LOWLOWES COMPANIES INCQ4 FY2026 · ends 2027-01-29
1 metric1 newearnings call · 2026-08-20 04:01:16 UTC
2026-08-20 04:01:16 UTCimplied negativenew
As we push out to Q4, it is implied negative.
LOW · transcript · Q2 FY2026
2026-08-20 04:00:00 UTCOpen source
LOWLOWES COMPANIES INCFY2026 · ends 2027-01-29
5 metrics2 lowered3 maintainedearnings call · 2026-08-20 04:01:16 UTC
2026-08-20 04:01:16 UTC$92Bmaintained6.6% vs FY2025
We expect sales of approximately $92 billion with roughly flat comparable sales, and we expect adjusted operating margin of approximately 11.6% and full-year adjusted diluted earnings per share of approximately $12.25.
LOW · transcript · Q2 FY2026
2026-08-20 04:00:00 UTCOpen source
2026-08-19 12:45:50 UTC$92Blowered -1.1%6.6% vs FY2025
•Total sales of $92.0 billion (previously $92.0 to 94.0 billion)
LOW · EX-99.1 · Q2 FY2026
2026-08-19 12:45:07 UTCOpen source
2026-05-21 04:01:08 UTC$92B – $94Bmaintained6.6% – 8.9% vs FY2025
We continue to expect sales in the range of $92 billion-$94 billion, with comparable sales in a range of flat to up 2%.
LOW · transcript · Q1 FY2026
2026-05-21 04:00:00 UTCOpen source
2026-05-20 12:45:52 UTC$92B – $94Bmaintained6.6% – 8.9% vs FY2025
•Total sales of $92.0 to 94.0 billion or an increase of approximately 7% to 9% compared to prior year
LOW · EX-99.1 · Q1 FY2026
2026-05-20 12:45:10 UTCOpen source
2026-02-26 05:01:09 UTC$92B – $94Bmaintained
With that, we are expecting 2026 sales ranging from $92 billion-$94 billion, with comparable sales in a range of flat to up 2%.
LOW · transcript · Q4 FY2025
2026-02-26 05:00:00 UTCOpen source
2026-02-25 13:45:34 UTC$92B – $94Bnew
•Total sales of $92.0 to $94.0 billion or an increase of approximately 7% to 9% compared to prior year
LOW · EX-99.1 · Q4 FY2025
2026-02-25 13:44:53 UTCOpen source
2026-08-19 12:45:50 UTC24.5%maintained57 bps vs FY2025
•Effective income tax rate of approximately 24.5%
LOW · EX-99.1 · Q2 FY2026
2026-08-19 12:45:07 UTCOpen source
2026-05-20 12:45:52 UTC24.5%maintained57 bps vs FY2025
•Effective income tax rate of approximately 24.5%
LOW · EX-99.1 · Q1 FY2026
2026-05-20 12:45:10 UTCOpen source
2026-02-25 13:45:34 UTC24.5%new
•Effective income tax rate of approximately 24.5%
LOW · EX-99.1 · Q4 FY2025
2026-02-25 13:44:53 UTCOpen source
2026-08-19 12:45:50 UTC$11.75lowered -2.1%-0.8% vs FY2025
•Diluted earnings per share of approximately $11.75 (previously $11.75 to $12.25)
LOW · EX-99.1 · Q2 FY2026
2026-08-19 12:45:07 UTCOpen source
2026-05-20 12:45:52 UTC$11.75 – $12.25maintained-0.8% – 3.4% vs FY2025
•Diluted earnings per share of approximately $11.75 to $12.25
LOW · EX-99.1 · Q1 FY2026
2026-05-20 12:45:10 UTCOpen source
2026-02-26 05:01:09 UTC$11.75 – $12.25maintained
These assumptions result in expected full-year diluted earnings per share of $11.75-$12.25.
LOW · transcript · Q4 FY2025
2026-02-26 05:00:00 UTCOpen source
2026-02-25 13:45:34 UTC$11.75 – $12.25new
•Diluted earnings per share of approximately $11.75 to $12.25
LOW · EX-99.1 · Q4 FY2025
2026-02-25 13:44:53 UTCOpen source
2026-08-19 12:45:50 UTC$1.6Bmaintained
•Net interest expense of approximately $1.6 billion
LOW · EX-99.1 · Q2 FY2026
2026-08-19 12:45:07 UTCOpen source
2026-05-20 12:45:52 UTC$1.6Bmaintained
•Net interest expense of approximately $1.6 billion
LOW · EX-99.1 · Q1 FY2026
2026-05-20 12:45:10 UTCOpen source
2026-02-26 05:01:09 UTC$1.6Bmaintained
Additionally, we expect net interest expense of approximately $1.6 billion as we absorb incremental expense related to the FBM acquisition, partly offset by planned repayment of $2.3 billion of bond maturities in the first quarter.
LOW · transcript · Q4 FY2025
2026-02-26 05:00:00 UTCOpen source
2026-02-25 13:45:34 UTC$1.6Bnew
•Net interest expense of approximately $1.6 billion
LOW · EX-99.1 · Q4 FY2025
2026-02-25 13:44:53 UTCOpen source
2026-08-19 12:45:50 UTC11.2%lowered -0.9%-57 bps vs FY2025
•Operating income as a percentage of sales (operating margin) of 11.2% (previously 11.2% to 11.4%)
LOW · EX-99.1 · Q2 FY2026
2026-08-19 12:45:07 UTCOpen source
2026-05-20 12:45:52 UTC11.2% – 11.4%maintained-57 bps – -37 bps vs FY2025
•Operating income as a percentage of sales (operating margin) of 11.2% to 11.4%
LOW · EX-99.1 · Q1 FY2026
2026-05-20 12:45:10 UTCOpen source
2026-02-26 05:01:09 UTC11.2% – 11.4%maintained
We expect operating margin in a range of 11.2%-11.4% and adjusted operating margin in a range of 11.6%-11.8%.
LOW · transcript · Q4 FY2025
2026-02-26 05:00:00 UTCOpen source
2026-02-25 13:45:34 UTC11.2% – 11.4%new
•Operating income as a percentage of sales (operating margin) of 11.2% to 11.4%
LOW · EX-99.1 · Q4 FY2025
2026-02-25 13:44:53 UTCOpen source
LOWLOWES COMPANIES INCH2 FY2026 · ends 2026-07-31
1 metric1 newearnings call · 2026-05-21 04:01:08 UTC
2026-05-21 04:01:08 UTCessentially in line with our expectations from the start of the yearnew
This results in first half sales and adjusted diluted earnings per share essentially in line with our expectations from the start of the year.
LOW · transcript · Q1 FY2026
2026-05-21 04:00:00 UTCOpen source
LOWLOWES COMPANIES INCQ2 FY2026 · ends 2026-07-31
3 metrics3 newearnings call · 2026-05-21 04:01:08 UTC
2026-05-21 04:01:08 UTC-2%new-2% vs Q2 FY2025
Additionally, we expect adjusted diluted earnings per share in the second quarter to be approximately 2% below prior year adjusted diluted earnings per share.
LOW · transcript · Q1 FY2026
2026-05-21 04:00:00 UTCOpen source
2026-05-21 04:01:08 UTCpressurednew
We expect second quarter adjusted operating margins to be pressured from the impact of acquisitions, which we will begin to anniversary in the second half of the year, investments in our sales-driving actions, which are more focused in the second quarter due to our mix into the spring season and key holidays, and near-term pressure from higher transportation costs that we are actively working to offset through productivity initiatives in the back half of the year.
LOW · transcript · Q1 FY2026
2026-05-21 04:00:00 UTCOpen source
2026-05-21 04:01:08 UTCroughly in line with the midpoint of our full-year guidenew
Based on this, we expect second quarter comp sales to be roughly in line with the midpoint of our full-year guide.
LOW · transcript · Q1 FY2026
2026-05-21 04:00:00 UTCOpen source
LOWLOWES COMPANIES INCH2 FY2026 · ends 2026-07-31
1 metric1 newearnings call · 2026-05-21 04:01:08 UTC
2026-05-21 04:01:08 UTCessentially in line with our expectations from the start of the yearnew
This results in first half sales and adjusted diluted earnings per share essentially in line with our expectations from the start of the year.
LOW · transcript · Q1 FY2026
2026-05-21 04:00:00 UTCOpen source
LOWLOWES COMPANIES INCFY2026 · ends 2027-01-29
2 metrics2 newearnings call · 2026-02-26 05:01:09 UTC
2026-02-26 05:01:09 UTC-75 bpsnew-75 bps vs FY2025
We expect gross margin to decline approximately 75 basis points compared to the prior year when we factor in the dilution related to the acquisitions.
LOW · transcript · Q4 FY2025
2026-02-26 05:00:00 UTCOpen source
2026-02-26 05:01:09 UTC$1Bnew
We will continue to drive our perpetual productivity improvement, or PPI initiatives, across the enterprise with a target of roughly $1 billion of productivity again this year.
LOW · transcript · Q4 FY2025
2026-02-26 05:00:00 UTCOpen source