Lowe's completes two Pro-focused acquisitions, pauses buybacks, adds $7B debt

Filed March 23, 2026 · Period ending January 30, 2026 · Compared to 10-K Mar 24, 2025 · ~1 min read

Key Changes

• high

  Acquired FBM and ADG to expand Pro customer offerings in interior home space; deals added $321M in transaction costs and amortization, reducing EPS by $0.43 despite 3.1% sales growth to $86.3B.

  MD&A: Acquisitions verify on EDGAR →
• high

  Share repurchases dropped from $3.9B to $75M as company paused buyback program; raised $7B in new debt ($5B notes plus $2B term loan) to finance FBM acquisition.

  MD&A: Capital Allocation verify on EDGAR →
• high

  Comparable sales turned positive at 0.2% after prior year's 2.7% decline, driven by 3.0% ticket growth offsetting 2.8% transaction decline; customers spending more per visit but visiting less often.

  MD&A: Sales Performance verify on EDGAR →