Lowe's grows in first quarter

The US DIY chain Lowe's has announced its revenue figures for the first quarter, which ended on 1 May 2026. Total revenue for the quarter amounted to USD 23.1 bn (EUR 19.8 bn), compared with USD 20.9 bn in the same quarter last year, representing growth of around 10.5 per cent. Like-for-like sales rose by 0.6 per cent, driven by a strong spring performance, online sales growth of 15.5 per cent, and continued strength in the home appliances, home services and pro-sales segments, the world’s second-largest DIY retailer explained in a press release.

The company confirms its outlook for the 2026 financial year: total revenue of USD 92.0 to 94.0 bn, or an increase of approximately 7 to 9 per cent year-on-year; comparable sales are expected to be 0 to 2 per cent higher than the previous year.