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Lowe's Companies increased 2.2% to $220.0 after the specialty retailer reported mixed results in its fiscal second quarter ending in July.

Net sales increased to $26.0 billion from $24.0 billion, net income was flat at $2.4 billion, and diluted earnings per share held steady at $4.27.

Comparable sales in the quarter edged up barely 0.2%, driven by increases in professional and home services sales, as well as a 15.7% surge in online sales, partially offset by a general macroeconomic weakness.

The company cited heightened competitive pricing pressure in July as competitors used tariff refund dollars to cut prices, and Lowe's chose not to match these promotions, labeling the dynamic as transitory rather than a permanent shift.

The company lowered its full-year 2026 sales outlook to $92 billion, from the previous estimated range between $92 billion and $94 billion, and diluted earnings per share to $11.75 compared to the previous range between $11.75 and $12.25.

Lowe's lowered the comparable sales estimate for the full year to flat compared to the previous estimate between flat and a 2% rise.

20 Aug, 2026

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