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Home/News Feed/Lowe's beats Q1 earnings and revenue estimates, reaffirms full-year guidance despite housing market challenges
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Lowe's beats Q1 earnings and revenue estimates, reaffirms full-year guidance despite housing market challenges

Company Fundamentals
20 May 2026
CNBC
View Source
Bullish
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Lowe's reported first-quarter earnings and revenue that surpassed Wall Street expectations, driven by strong spring sales, online growth, and demand in appliances, home services, and professional sales. The company posted adjusted earnings per share of $3.03 and revenue of $23.08 billion, with a 10% year-over-year revenue increase. Despite a tough housing market, Lowe's reaffirmed its full-year sales guidance of $92 billion to $94 billion and expects flat to modest comparable sales growth. CEO Marvin Ellison emphasized focus on customer experience amid macroeconomic challenges.

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Lowe's renews partnership with Habitat for Humanity to fund home repairs for 300+ homeowners.

Lowe's renews partnership with Habitat for Humanity to fund home repairs for 300+ homeowners.

Lowe's has renewed its national partnership with Habitat for Humanity to support over 200 home repair projects across 20 affiliates, helping more than 300 individuals stay in safe, healthy homes. The funding will cover essential repairs like roofing,...

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