Lowe's stock declined 2.5% amid several developments. The company is scheduled to report quarterly earnings on Wednesday, February 26, 2026, during a week when major retailers will discuss tariff impacts following a Supreme Court ruling against President Trump's emergency-use tariffs. This introduces uncertainty around potential refunds and financial adjustments for the company. Additionally, Lowe's announced plans to cut approximately 600 corporate and support positions, representing less than 1% of its workforce, to redirect focus toward store operations and customer interaction. The company also announced a new partnership with Affirm Holdings to provide buy-now-pay-later payment options to customers online and through its mobile app. Bernstein maintained an Outperform rating and raised its price target to $313 from $284.
Read full analysisLowe's stock declined 2.5% amid several developments. The company is scheduled to report quarterly earnings on Wednesday, February 26, 2026, during a week when major retailers will discuss tariff impacts following a Supreme Court ruling against President Trump's emergency-use tariffs. This introduces uncertainty around potential refunds and financial adjustments for the company. Additionally, Lowe's announced plans to cut approximately 600 corporate and support positions, representing less than 1% of its workforce, to redirect focus toward store operations and customer interaction. The company also announced a new partnership with Affirm Holdings to provide buy-now-pay-later payment options to customers online and through its mobile app. Bernstein maintained an Outperform rating and raised its price target to $313 from $284.
Lowe's is the second-largest home improvement retailer in the U.S., operating roughly 1,700 stores and competing directly with Home Depot. The company recently cut 600 corporate jobs to redirect resources toward store operations, and reports Q4 earnings Wednesday amid a soft housing market. As a major importer of building materials and home goods, Lowe's is directly exposed to the tariff escalation that drove today's broad retail selloff.