Lowe's Slashes 2026 Forecast After Q2 Misses Amid Weak DIY Spending

Lowe's Companies revised its full-year 2026 guidance downward after second-quarter revenue fell short of analyst expectations. The home improvement retailer attributed the shortfall to persistently weak consumer demand in discretionary do-it-yourself categories. This softer spending environment continues to pressure results, prompting management to adopt a more cautious outlook for the remainder of the fiscal year. The announcement was made on Wednesday, with shares trading under the ticker LOW. The revised projection reflects ongoing challenges in the home improvement sector as shoppers prioritize essential purchases over optional renovation projects.