Part-Time
Large-scale home improvement retailer
$16 - $16.15/hr
Oswego, NY, USA
In Person
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Lowe's operates large-scale home improvement retailers in the United States, Canada, and Mexico, serving both do-it-yourself customers and professionals in construction and remodeling. It sells a wide range of products including appliances, building supplies, tools, hardware, and garden equipment through its physical stores and online platform. The business works by offering a broad product assortment plus customer service and installation services to create a comprehensive shopping experience for home improvement projects. Compared with competitors, Lowe's differentiates itself by combining a large, one-stop product selection with in-store expertise and installation services, available both offline and online. Its goal is to help customers complete home improvement projects by providing convenient access to products and services, aiming to maintain a leading market position in its regions.
Company Size
10,001+
Company Stage
IPO
Headquarters
Mooresville, North Carolina
Founded
1946
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Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
Paid Sick Leave
Paid Holidays
Performance Bonus
Lowe's reported mixed second-quarter results, with revenue falling short of analyst expectations due to pressure on DIY consumer spending. The DIY segment represents 60-65% of Lowe's revenue. CEO Marvin Ellison cited several factors affecting consumer behaviour: customers remain cautious about discretionary spending due to macro and geopolitical uncertainty, plus higher fuel prices above $4 per gallon. Poor weather during Memorial Day and a highly promotional environment in July also impacted results. Despite challenges, Lowe's posted its fifth consecutive quarter of same-store sales growth at 0.2%, below Wall Street expectations. The pro business and online sales performed well, with online contributing 15% year-over-year growth. Lowe's has received $80 million in tariff refunds, with additional refunds expected by year-end. The company is carefully considering how to use these funds whilst avoiding overly promotional strategies.
Lowe's reported second-quarter sales of $26 billion, up 8.3% year-over-year, with comparable sales rising 0.2%. The home improvement retailer saw growth in professional customers, online sales, and home services offset weaker discretionary DIY spending. Online sales jumped 15.7%, supported by higher traffic and the company's MyLowe AI tool, which has answered over 25 million customer questions. Customers using the tool convert at three times the rate of non-users. However, inflation, interest rates, and increased promotional competition pressured transactions and margins. Adjusted diluted earnings per share reached $4.40, including an $0.11-per-share benefit from tariff refunds. Lowe's maintained its full-year outlook near the low end of prior guidance, expecting roughly flat comparable sales and adjusted EPS of approximately $12.25. Management anticipates continued residential construction pressure but remains focused on long-term investments.
Lowe's reported second quarter 2026 net earnings of $2.4 billion with diluted earnings per share of $4.27, matching the prior year. Total sales reached $26.0 billion, up from $24.0 billion in the second quarter of 2025. Comparable sales increased 0.2%, driven by strong performance in professional services and a 15.7% increase in online sales, offset by DIY market pressures. The company recognised $96 million in pre-tax expenses related to acquisitions of Foundation Building Materials and Artisan Design Group. Excluding these expenses, adjusted diluted EPS increased 1.6% to $4.40. Lowe's updated its full-year 2026 outlook, maintaining total sales guidance at $92.0 billion but lowering comparable sales expectations from up to 2% growth to flat. The company paid $673 million in dividends during the quarter and operated 1,761 stores as of 31 July 2026.
Lowe's Companies shares have fallen 27% from their 52-week high, trading at a price-to-earnings ratio of 17.6 versus the S&P 500 median of 24.4. The home improvement retailer remains profitable with healthy cash flow metrics, including an 11.1% operating cash flow margin and 6.5% free cash flow yield. Revenue grew 6.2% over the last 12 months, with online sales up 15.5% in the most recent quarter. However, operating margin contracted by 0.8 percentage points, and comparable transactions declined 0.9% despite a 1.5% increase in average ticket. The discount reflects investor concerns about weakening DIY demand and a challenging housing environment. Growth now depends on higher prices across fewer transactions, raising questions about underlying business strength.
Lowe's Companies distributed $47 billion to shareholders over five years through buybacks and dividends, representing 41% of its current market capitalisation. Despite this massive cash return—$35 billion in share repurchases and $12 billion in dividends—the stock gained only 16.7% over the period, whilst the S&P 500 returned 84%. The home improvement retailer generated $88.44 billion in revenue over the past twelve months and posted positive comparable sales for four consecutive quarters. Management attributes performance to its "Total Home strategy", with online sales growing 15.5% in the most recent quarter. However, DIY demand remains pressured in a challenging housing environment. Big-ticket discretionary projects, comprising one-third of the business, face particular weakness. The company's three-year average annual revenue growth stands at -2.4%.