Overview
- Lowe's reported second-quarter results on August 19 showing roughly $26 billion in sales and organic same‑store sales up about 0.2 percent.
- The company posted adjusted diluted EPS of $4.40, beating consensus, with GAAP diluted EPS of $4.27 and a $0.11 per‑share tariff‑refund benefit included in the quarter.
- Management trimmed full‑year sales guidance to about $92 billion and set full‑year diluted EPS near $11.75 with company‑adjusted EPS around $12.25 at the bottom of prior ranges.
- Growth is being driven by professional customers, a 15.7 percent jump in online sales and MyLowe/Mylow AI and loyalty tools that management says triple conversion for users.
- Inventories rose to $17.7 billion and adjusted debt to EBITDA sits near 3.0x, management flagged exposure in recent residential‑construction acquisitions and said it does not expect to hit a 2.75x leverage target until mid‑2027.