Lowe's Q4 Profit Down, Comps Rise; Sees Flat To Higher Comps In FY26; Stock Drops
Lowe's Companies, Inc. reported Wednesday lower profit in its fourth quarter mainly on one-time charges, while total sales and Comparable sales increased from last year. Further, the home improvement retailer issued fiscal 2026 outlook, expecting sales growth and flat to higher comps, amid ongoing uncertainty in the home improvement market.In pre-market activity, the shares were losing around 3 percent, at $270.00, after closing Tuesday's regular trading 1.5 percent higher.Marvin Ellison, Lowe's chairman, ...