Yahoo Finance
Over the past few years, the sluggish U.S.
housing market has weighed heavily on home improvement retail, and Lowe’s hasn’t been immune.
Afterweak sales growthin 2025, the home-improvement retail chain has recentlyexpanded its dealsand services to win back customers.
As these changes roll out, Lowe’s has noticed a concerning shift in how customers are shopping in its stores.
In the first quarter of 2026, Lowe’s saw its comparable sales increase by 0.6%, compared to the same quarter the year before, according to itslatest earnings report.
Also,recent Placer.ai datarevealed that foot traffic in Lowe’s stores during the quarter spiked by 2% year over year.
The small lift in demand comes at a time when Lowe’s has been focusing on making the customer experience more seamless, especially for its Pro customers (residential and commercial trade professionals).
In February, itexpanded product accessand added digital tools to its Pro Extended Aisle, a digital catalog that gives Pro customers access to real-time inventory and pricing.
The following month, Lowe’sintroduced a HomeCare+ subscriptionfor MyLowe's Rewards members, offering seven essential home maintenance services for $99 a year.
Additionally, it began offeringfree same-day deliveryto MyLowe's Rewards members who make online purchases of $25 or more.
During anearnings callon May 20, Lowe’s Chief Financial Officer Brandon Sink revealed that the average amount of money Lowe’s customers spent per purchase in comparable store locations during the quarter increased by 1.5% year over year.
This was mainly driven by “modest priceinflation” and a boost in appliance sales.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
Comments
Post a Comment