Lowe's Q1 sales up 10.3% as comp turns positive; tariff uncertainty and margin pressure emerge

Filed May 28, 2026 · Period ending May 1, 2026 · Compared to 10-Q May 29, 2025 · ~1 min read

Key Changes

• high

  Net sales grew 10.3% to $23.1B with comp sales +0.6%, reversing prior-year declines as customer traffic improved after weather-delayed spring start.

  MD&A: Net Sales verify on EDGAR →
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  New tariff disclosure notes Supreme Court invalidated IEEPA tariffs; company faces uncertainty on refund timing and amounts as importer of record for certain products.

  MD&A: Tariff Environment verify on EDGAR →
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  Gross margin compressed 70 basis points driven by operational cost structure of 2025 acquisitions (ADG, FBM), reversing prior-year 19bp improvement.

  MD&A: Gross Margin verify on EDGAR →