Lowe's Companies

Lowe's helps people fix, build, and decorate their homes. It sells supplies to homeowners and professional building contractors. The company operates retail stores and sells products online.

What's on the Shelves?

• Home Decor: Includes appliances, flooring, and paint products; accounts for 31.1% of net sales.
• Building Products: Covers lumber, electrical supplies, and plumbing materials; represents 29.5% of net sales.
• Hardlines: Consists of lawn, garden, and outdoor living items; accounts for 29.4% of net sales.
• Professional Services: Offers installation through independent contractors and repair services for home appliances.
• Acquired Segments: Results from specialty distributors serving professional builders; represents 7.6% of net sales.

Expanding the Toolbox

• Purchased Artisan Design Group on June 2, 2025, to provide interior finishes to home builders and property managers.
• Acquired Foundation Building Materials for $8.8 billion on Oct. 9, 2025, to reach more professional customers.
• Launched a loyalty program and expanded fulfillment options as part of the Total Home strategy.
• Re-entered the Canadian market through recent acquisitions, reporting $61 million in net sales for that region in fiscal 2026 (ended Jan. 31, 2026).

The Total Home Approach

Lowe's focuses on a strategy that serves both individual homeowners and professional tradespeople through 1,759 retail stores and digital platforms. The company uses a large distribution network to support next-day delivery for appliances across most of the United States.

The Latest Scorecard

• Net sales rose to $23.1 billion in the first quarter of 2026, up 10.3% from the prior year.
• Operating income reached $2.55 billion in the first quarter of 2026, a 2.4% increase year-over-year.
• Net earnings were $1.6 billion for the period ending May 1, 2026, down 0.8% from the first quarter of 2025.
• Free cash flow was $2.8 billion in the first quarter of 2026, representing a 1.1% decrease from the previous year.
• The company returned $365 million to shareholders through stock repurchases during the quarter ending May 1, 2026. It also returned $674 million through dividends that quarter.

Evolution of the Brand

Lowe's has shifted from a traditional retail hardware store into a multi-channel business serving both homeowners and large-scale builders. Its focus on professional customers and digital tools supports its long-term growth in the home improvement industry.