Lowe’s Companies, Inc. (NYSE:LOW) stock declined Wednesday after the home improvement retailer posted fourth-quarter results and delivered a cautious fiscal 2026 outlook, highlighting ongoing strain in the housing market.
Earnings Snapshot
Net sales rose 10.9% to $20.584 billion from $18.553 billion and exceeded the $20.334 billion analyst estimate.
During the quarter, the company recognized $149 million in pre-tax expenses associated with the acquisitions of Foundation Building Materials (FBM) and Artisan Design Group (ADG), which impacted reported results.
Excluding these expenses, adjusted diluted EPS increased 2.6% to $1.98 from $1.93 a year earlier and beat the $1.94 analyst estimate.
The company has issued its fiscal 2026 outlook, citing continued uncertainty in the home improvement market.
For fiscal 2026, Lowe’s forecasts total sales of $92.0 billion to $94.0 billion, compared with the $93.229 billion analyst estimate, and comparable sales expected to be flat to …