Welcome to our dedicated page for Lowes Companies news (Ticker: LOW), a resource for investors and traders seeking the latest updates and insights on Lowes Companies stock.
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company in the home centers industry, serving approximately 16 million customer transactions a week and operating over 1,700 home improvement stores, 530 branches and 130 distribution centers. The Lowe’s news feed on Stock Titan aggregates company announcements, partnerships, financial updates and community initiatives drawn from official releases and regulatory disclosures.
Investors and followers of LOW can use this page to review news about earnings results, capital markets activity, acquisitions and strategic partnerships. Recent company communications include quarterly earnings releases that discuss sales performance, comparable sales trends, online sales growth, home services activity and Pro customer growth, as well as updates to full-year outlooks. Lowe’s also announces participation in investor conferences and schedules for earnings conference calls and webcasts, which are relevant for those tracking management commentary and guidance.
Beyond financial news, Lowe’s issues releases on marketing campaigns, brand collaborations and community projects. Examples include the “Earn Your Sunday” campaign with the National Football League, seasonal holiday promotions with loyalty program perks, and a partnership with Cinemark on a National Popcorn Day “Bring Your Own Bucket” event featuring the iconic blue Lowe’s 5-gallon bucket. The company also highlights community-focused efforts such as the Freedom Hill veterans and first responder community in Mooresville, developed with Building Homes for Heroes and the Town of Mooresville.
This news page provides a centralized view of these developments, helping readers understand how Lowe’s pursues its Total Home strategy, engages Pro and consumer customers, and supports communities. For ongoing research on LOW, users can return regularly to see newly posted press releases and related coverage as they become available.
Lowe's announced the in-house management of its One Roof Media Network's advertising sales and operations, starting January 31, 2023. This strategic move aims to enhance the customer experience for brand advertisers, improving engagement and ROI. The company has invested in new ad tech and streamlined partnerships, allowing better access to first-party data and faster campaign execution. Serving over 200 clients, Lowe's media network has shown success, with some advertisers achieving returns exceeding double that of industry averages.
Lowe's Companies, Inc. (NYSE: LOW) hosted its 2022 Analyst and Investor Conference, announcing updates on strategic growth initiatives and long-term financial targets. Key highlights include a new $15 billion share repurchase program, building on a prior balance of $6.4 billion. Lowe's projects total sales of approximately $97 to $98 billion for FY 2022, with comparable sales expected to be flat to down 1%. The company remains committed to its Total Home strategy, focusing on enhancing its omnichannel capabilities, Pro penetration, and product assortment.
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Lowe's Companies, Inc. (NYSE: LOW) will hold its 2022 Analyst and Investor Conference on December 7, 2022, at 8 a.m. Eastern Time in New York City. The company aims to present updates on essential growth initiatives and long-term financial targets. A live webcast will be available on the Lowe's Investor Relations website. Supplemental materials will be shared at 6 a.m. ET on the day of the event. A replay will be accessible from noon EST, December 8, 2022, to December 7, 2023.
Lowe's is enhancing its premium appliance range by partnering with Miele, a leading German manufacturer. Starting November 16, 2022, select Miele dishwashers and laundry appliances will be available on Lowes.com and in 149 stores from December. This collaboration aims to offer high-quality options for design-focused customers and promote Miele's innovative features, such as automatic detergent dispensing and energy-efficient technology. Miele products will cater to diverse consumer needs, enhancing accessibility to premium kitchen and laundry appliances.
Lowe's Companies, Inc. (NYSE: LOW) reported a Q3 net earnings of $154 million, translating to a diluted EPS of $0.25, impacted by a $2.1 billion asset impairment charge in its Canadian retail business. However, adjusted diluted EPS rose 19.8% to $3.27. Total sales reached $23.5 billion, up from $22.9 billion last year, with U.S. comparable sales increasing by 3%. The company has raised its full-year outlook, projecting total sales of $97-98 billion and adjusted EPS of $13.65 to $13.80. Capital allocation includes $4.0 billion in share repurchases and $666 million in dividends.
Lowe's Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend of $1.05 per share, payable on February 8, 2023. Shareholders of record as of January 25, 2023 will receive this dividend. Lowe's continues to serve around 19 million customer transactions weekly across its 2,200 home improvement stores in the U.S. and Canada, generating over $96 billion in sales for fiscal year 2021.
Lowe's has partnered with Wyndham Hotels to provide stranded travelers a cozy holiday experience on one of the busiest travel days, Nov. 23. This initiative, called the Holiday Home Layover, will offer 50 specially decorated hotel rooms equipped with Lowe's products at five airports across the U.S. Customers can also shop these festive products online. This collaboration aims to ease the stress of travel disruptions by creating a warm atmosphere for those unable to reach home during the holidays. For more information, visit LowesHomeLayover.com.
Lowe's Companies, Inc. (NYSE: LOW) will host its Third Quarter 2022 Earnings Conference Call on November 16 at 9 a.m. Eastern Time. A webcast will be available on Lowe's Investor Relations website, with supplemental materials accessible 15 minutes prior to the call. A replay will be available from noon EST on November 16, 2022, to November 15, 2023. Lowe's operates around 2,200 stores and reported over $96 billion in sales for fiscal year 2021, serving approximately 19 million customers weekly across the U.S. and Canada.
Lowe's Companies (NYSE: LOW) has agreed to sell its Canadian retail operations to Sycamore Partners for $400 million in cash, plus performance-based deferred compensation. The sale will simplify Lowe's business model and is expected to close in early 2023. The Canadian segment accounts for approximately 7% of Lowe's total sales and 60 basis points of operating margin dilution for the fiscal year 2022. A pre-tax non-cash impairment charge of about $2.0 billion will be recorded due to this divestiture.