Lowe’s Companies, Inc. (NYSE:LOW) reported fourth-quarter results on Wednesday, posting net earnings of $999 million and diluted EPS of $1.78 for the quarter ended Jan. 30, 2026, compared with net earnings of $1,125 million and diluted EPS of $1.99 in the fourth quarter of 2024.
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.
Net sales rose 10.9% to $20.584 billion from $18.553 billion and exceeded the $20.334 billion analyst estimate. Comparable sales increased 1.3%, driven by continued growth in Pro, online, and home services sales, as well as strong holiday performance.
Margins and Operating Performance
Gross margin was 32.46%, compared with 32.86% a year earlier. Operating income was $1.708 billion versus $1.830 billion, and operating margin was 8.30% versus 9.87%. Interest – net was $403 million compared with $328 million, and pre-tax earnings were $1.305 billion versus $1.502 billion.
“We …