Overview

• U.S. home improvement retailer's Q1 sales slightly beat analyst expectations, up 10% yr/yr

• Adjusted EPS for Q1 rose 3.8% to $3.03, beating analyst expectations

• Company affirms full-year 2026 outlook

Outlook

• Lowe's affirms 2026 total sales outlook of $92.0 bln to $94.0 bln

• Company expects 2026 comparable sales to be flat to up 2%

• Lowe's sees 2026 adjusted diluted EPS of $12.25 to $12.75

Result Drivers

• SPRING EXECUTION - Co said strong spring execution contributed to Q1 comparable sales growth

• ONLINE SALES - Co reported 15.5% online sales growth in Q1

• APPLIANCES, HOME SERVICES, PRO SALES - Co said continued strength in appliances, home services and Pro sales supported results

Company press release: ID:nPn8pKHg2a

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Sales	Slight Beat*	$23.08 bln	$22.97 bln (24 Analysts)
Q1 Adjusted EPS	Beat	$3.03	$2.97 (27 Analysts)
Q1 EPS		$2.9
Q1 Net Income		$1.63 bln
Q1 Comparable Sales GROWTH		0.6%
Q1 Operating Income		$2.55 bln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy", 13 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the home improvement products & services retailers peer group is "buy"

• Wall Street's median 12-month price target for Lowe's Companies Inc is $283.00, about 29.6% above its May 19 closing price of $218.37

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 21 three months ago

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