Investor Outlook: Lowe’s stock drops despite Q4 earnings beat
BNN Bloomberg
Lowe’s shares drop after soft 2026 guidance despite Q4 earnings and revenue beat as housing market and mortgage rates weigh on outlook.
BNN Bloomberg spoke with Steven Zaccone, senior retail equity research analyst at Citi, who said comparable sales growth beat consensus but came in at the low end of bullish expectations, while guidance for flat to 2 per cent same-store sales growth and lower margins weighed on investor sentiment.
Read the full transcript below:
ROGER: Lowe’s beat Wall Street expectations in the fourth quarter, with sales surging more than 10 per cent year over year, but shares are falling after the company issued a weaker-than-expected outlook. Joining us now for some analysis is Steven Zaccone, senior retail equity research analyst at Citi. Steven, thanks very much for joining us.
STEVEN: Thanks for having me on.
ROGER: Kind of déjà vu all over again compared to Home Depot — decent numbers, but it’s that outlook that has people worried.
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