LOW · News · 20260920N

Macroeconomic Consumer Pressure

LOWES COMPANIES INC · 2026-09-20 · Importance 22 · Surprise 32

Synchrony Financial reported high-single-digit purchase-volume growth early in Q3, led by super-prime and prime customers, indicating resilient consumer spending relevant to Lowe’s credit-card partnership. Synchrony reaffirmed its expectation for mid-single-digit receivables growth by year-end, supported partly by its Walmart and Lowe’s partnerships. It said credit performance remained stable, although losses are expected to rise as newer accounts mature, with improved operating leverage anticipated beginning in 2027.

Key facts

• LOWES COMPANIES INC is named by Synchrony Financial as supporting Synchrony's reaffirmed expectation for mid-single-digit receivables growth by year-end through its partnership with Synchrony. source