Lowe's (LOW) Q1 Results Edge Past Views, but Shares Dip 2.8% as DIY Weakness Persists

Lowe’s Companies Inc. (LOW) reported first-quarter results on May 27, 2026, that slightly exceeded Wall Street’s revenue and profit forecasts, but shares fell 2.8% to $212.33 from $218.37 amid evidence of continued strain in do-it-yourself discretionary spending. Same-store sales were flat year-over-year, while operating margin held steady. CEO Marvin Ellison said strength in Pro customer demand, appliances, online, and home services helped offset a slow start to the spring season caused by February storms. The company cited improved customer engagement from in-store events and expanded fulfillment options. Management highlighted plans to roll out AI-powered tools and loyalty programs, grow the Pro segment, and integrate recent acquisitions such as Foundation Building Materials. The stock’s decline reflects investor caution over persistent DIY headwinds despite the modest profit beat.