Citable filing context
LOW's research view summarizes recent SEC filing context, starting with management_change from Sep 2, 2026.
| Filed | Item | Context |
|---|---|---|
| Sep 2, 2026 | management_change | Lowe's announced several executive appointments, including Joseph M. McFarland III and Quonta D. Vance, effective September 1, 2026. |
| Aug 19, 2026 | earnings | Lowe's reported Q2 2026 diluted EPS of $4.27 and sales of $26.0 billion, updating its full-year outlook. |
| Jun 2, 2026 | other | Lowe's reported voting results from its May 29, 2026 annual meeting, including director elections and executive compensation. |
| Aug 19, 2026 | Guidance: adjusted_eps | 12.25 to 12.25 |
| Aug 19, 2026 | Guidance: adjusted_operating_margin | 11.60 to 11.60 |
| Aug 19, 2026 | Guidance: capital_expenditures | not reported to 2.50 |
| Aug 27, 2026 | mda_quarterly | Lowe’s reported second-quarter 2026 net sales of $26.0 billion, an 8.3% increase year-over-year, driven by the integration of recent acquisitions, including Foundation Building Materials (FBM) and Artisan Design Group (ADG). Comparable sales rose 0.2%, reflecting a 2.3% increase in average ticket that offset a 2.1% decline in customer transactions. The company continues to face a challenging macroeconomic environment characterized by soft discretionary DIY demand, volatile fuel costs, and broader economic uncertainty. Profitability was impacted by the operational cost structure of 2025 acquisitions and increased interest expenses from recent debt issuances, including a $2.0 billion term loan and $5.0 billion in unsecured notes. Gross margin contracted 77 basis points to 33.04%, though this was partially mitigated by $80 million in IEEPA tariff refunds following a favorable Supreme Court ruling. Lowe’s remains focused on its "Total Home" strategy, leveraging investments in Pro-focused services, digital tools, and loyalty programs to capture planned project spending. Liquidity remains robust, with $3.2 billion in cash and $5.0 billion in undrawn revolving credit. The company maintains a disciplined capital allocation approach, returning $1.3 billion to shareholders via dividends and repurchasing $367 million in shares during the first half of the year. |
| May 28, 2026 | mda_quarterly | Lowe's reported a 10.3% net sales increase to $23.1 billion for the first quarter of fiscal 2026, with comparable sales up 0.6%, driven by a 1.5% rise in average ticket despite a 0.9% decline in customer transactions. Net earnings remained consistent at $1.6 billion, resulting in diluted EPS of $2.90, or $3.03 adjusted for $96 million in intangible asset amortization from the 2025 acquisitions of Artisan Design Group (ADG) and Foundation Building Materials (FBM). These acquisitions, which expanded Pro customer offerings in interior surface finishes and building products, impacted profitability, causing a 70 basis point gross margin decline and a 32 basis point deleveraging in depreciation and amortization, though SG&A leveraged 17 basis points. The company generated $3.4 billion in operating cash flow, using $521 million for capital expenditures and repaying $2.4 billion in bond maturities. Share repurchases totaled $365 million, with $10.5 billion remaining in the program, and dividends increased to $1.20 per share. Liquidity remains strong with $0.8 billion cash and $4.6 billion in undrawn credit facilities. Despite a challenging macroeconomic environment and initial weather impacts, demand improved, with strength in Rough Plumbing, Lawn & Garden, and Appliances, reflecting continued growth in the Pro and Online channels. The tariff environment remains dynamic, with uncertainty surrounding potential IEEPA tariff refunds. |
Source: SEC EDGAR filing text and events; period Sep 2, 2026; filed Sep 2, 2026.
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