Home improvement retailer Lowe's Companies, Inc. (LOW) said, excluding charges in the prior-year period related to the extinguishment of debt, third quarter earnings per share increased 38% from a year ago. Comparable sales increased 2.2%. Comparable sales for the U.S. home improvement business were up 2.6% for the third quarter.
With sales momentum continuing into November, Lowe's once again increased its outlook for the operating results of fiscal 2021. Given its better-than-expected performance, Lowe's now plans to repurchase approximately $3 billion in shares in the fourth quarter, bringing the expected total share repurchases for the year to approximately $12 billion.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.