Lowe’s beats top and bottom line estimates
Lowe’s reported Q1 Non-GAAP EPS of $3.03, beating estimates by $0.06. Revenue was $23.1B, a 10.4% year-over-year increase, exceeding expectations by $220M.
The company’s comparable sales increased 0.6%. As of May 1, 2026, Lowe’s operated 1,759 stores, representing 196.0 million square feet of retail selling space.
Lowe’s reaffirmed its FY26 outlook, indicating a positive outlook for the company’s future performance.