LOWLowe's

2 paragraphs in Risk Factors of the 10-K filed Mar 23, 2026 with nothing like them in the 10-K filed Mar 24, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.

Compared with the Risk Factors in the latest 10-K of the other 46 Consumer discretionary companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.

inputs could materially affect our profitability. In addition, we use natural gas, diesel fuel, gasoline and electricity in our operations, all of which could face increased regulation as a result of climate change or other environmental concerns.

Read in the 10-K ↗

Share this quote X LinkedIn Reddit WhatsApp Telegram Copy link Image

access the public debt markets, we may be required to find other sources of capital, which may result in increased borrowing costs and restrict our ability to operate.

Read in the 10-K ↗

Share this quote X LinkedIn Reddit WhatsApp Telegram Copy link Image

New in the latest 10-Q

13 paragraphs in the 10-Q filed Aug 27, 2026 with nothing like them in the 10-Q filed May 28, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.

Financial statements and notes

Six Months Ended July 31, 2026 August 1, 2025 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Cash flows from operating activities: Net earnings $ 4,027 $ 4,038 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 1,292 1,022 Noncash lease expense 338 267 Deferred income taxes 165 70 Loss on property and other assets - net 15 30 Share-based payment expense 132 117 Changes in operating assets and liabilities: Receivables - net (157) (22) Merchandise inventory – net (436) 1,173 Other operating assets 236 20 Accounts payable 1,313 150 Other operating liabilities 84 745 Net cash provided by operating activities 7,009 7,610 Cash flows from investing activities: Purchases of investments (808) (845) Proceeds from sale/maturity of investments 1,079 827 Capital expenditures (1,063) (1,013) Proceeds from sale of property and other long-term assets 8 7 Acquisition of business - net (5) (1,314) Other – net 28 (5) Net cash used in investing activities (761) (2,343) Cash flows from financing activities: Repayment of debt (2,397) (796) Proceeds from issuance of common stock under share-based payment plans 71 70 Cash dividend payments (1,346) (1,290) Repurchases of common stock (366) (113) Other – net (20) (39) Net cash used in financing activities (4,058) (2,168) Net increase in cash and cash equivalents 2,190 3,099 Cash and cash equivalents, beginning of period 982 1,761 Cash and cash equivalents, end of period $ 3,172 $ 4,860

Read in the 10-Q ↗

In February 2026, the United States Supreme Court ruled that tariffs imposed under the International Emergency Economic Powers Act (IEEPA) on goods imported into the United States were unauthorized. Following this ruling, and effective on April 20, 2026, the United States Customs and Border Protection launched a platform for importers of record to begin IEEPA tariff refund requests, where eligible.

Read in the 10-Q ↗

The Company is accounting for tariff refunds as a contingent gain in accordance with ASC 450-30. Under this standard, a gain contingency is not recognized until the gain is realized or realizable. During the second quarter of 2026, we recognized approximately $ 80.0 million of IEEPA tariff refunds in our consolidated statements of earnings. Uncertainties remain regarding the amount and timing of future collections.

Read in the 10-Q ↗

All additional acquisitions completed during fiscal 2026 and fiscal 2025 were immaterial both individually and in the aggregate.

Read in the 10-Q ↗

The following table presents the changes in the carrying amount of our goodwill:

Read in the 10-Q ↗

1 Cash paid for income taxes - net for the six months ended July 31, 2026, and August 1, 2025, includes $ 432 million and $ 453 million, respectively, of cash paid for the purchase of federal transferable tax credits.

Read in the 10-Q ↗

The following tables present a reconciliation of our Retail Home Improvement results to our consolidated totals for the three and six months ended July 31, 2026 and August 1, 2025. Prior-period segment information has been recast to conform to the Company’s current-period segment reporting structure:

Read in the 10-Q ↗

MD&A

The second quarter continued to reflect a dynamic home improvement environment, including persistent pressure in discretionary DIY demand, periods of challenging weather, elevated fuel prices and broader economic uncertainty. Customers remained cautious in their spending and prioritized repair, maintenance and smaller projects.

Read in the 10-Q ↗

Despite these conditions, we delivered sales growth and continued to advance our Total Home strategy. We drove growth in Pro, Online and Home Services through continued investments in differentiated assortment, strong in-stock positions, fulfillment capabilities, digital tools and loyalty programs. We also continued to advance the integration of FBM and ADG, which we believe will strengthen our ability to serve larger Pro customers and capture more planned Pro spend over the long term.

Read in the 10-Q ↗

Our Perpetual Productivity Improvement initiatives continued to support disciplined cost management and strategic investments. During the quarter, we progressed initiatives to simplify store and field communications, improve replenishment and inventory accuracy, enhance merchandising execution and enable associates to spend more time serving customers.

Read in the 10-Q ↗

Looking ahead, we remain focused on delivering compelling value, serving customers across Pro, Online and Home Services, managing expenses with discipline and investing in the initiatives that position the Company for long-term growth. We believe our continued focus on execution, productivity and strategic investment positions us to strengthen our business and create long-term shareholder value as market conditions improve.

Read in the 10-Q ↗

Three Months Ended Basis Point Increase/(Decrease) in Percentage of Net Sales Six Months Ended Basis Point Increase/(Decrease) in Percentage of Net Sales July 31, August 1, July 31, August 1,

Read in the 10-Q ↗

Legal proceedings

The U.S. Attorney’s Office for the Central District of California and the U.S. EPA’s Region 9 Office have been conducting an investigation with respect to whether the Company and independent contractors who performed installations under the Company’s third-party installer program complied with applicable recordkeeping requirements and lead-safe practices under the Toxic Substances Control Act, the EPA’s Lead Renovation, Repair and Painting Rules, and with an EPA civil consent decree that the Company entered into in 2014 in the context of projects in homes constructed before 1978. In the third quarter of fiscal 2023, the EPA’s Region 5 and other EPA and U.S. Department of Justice representatives informed the Company that they have identified possible deviations from the consent decree. On November 25, 2025, the Company, without admitting liability, agreed to resolve the matter by payment of a civil penalty of $12.5 million and by entering into a second consent decree to replace the 2014 consent decree. The second consent decree was lodged in the U.S. District Court for the Central District of California and was approved by the District Court on July 8, 2026, following a public comment period. The second consent decree has now become final.

Read in the 10-Q ↗

The 10-Q's risk factors against the 10-K

Item 1A of the 10-Q filed Aug 27, 2026 against Item 1A of the 10-K filed Mar 23, 2026. A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed. Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed, Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal (cut words struck through, new words highlighted and underlined). Text on the page, not a score; each links to the filing at sec.gov.

What the 10-Q itself says about its risk factors:
There have been no material changes in the Company’s risk factors from those disclosed in Part I, “Item 1A. Risk Factors” in our Annual Report filed with the SEC on March 23, 2026.

Read in the 10-Q ↗

1 paragraph in the 10-Q's Item 1A, and none of them adds, rewords or quietly edits a paragraph of the 10-K's.