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 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.
Lowe's has launched the Blue Wreath Project this Veterans Day to honor military service members. From Nov. 1 to Nov. 11, for every item purchased from this collection on Lowes.com, the company will donate $1, up to a total of $50,000, to Building Homes for Heroes.
Continuing its support for veterans, Lowe's has committed over $3 million to organizations that enhance access to housing and skilled trades education. The company also provides a 10% discount for military personnel and their families, saving nearly $1 billion annually.
As Lowe's PROvember approaches, the company unveils the PROvember Playbook to assist professionals in navigating inflation-related challenges. Recent research indicates that 86% of professionals rank inflation as a major issue. The Playbook offers insights on efficient spending and investment in tools. PROvember, starting Oct. 27, features special discounts on Pro-grade tools, rewards programs for loyal customers, and events like a Pro Happy Hour on Nov. 17. Despite economic pressures, 73% of professionals feel their jobs are more rewarding this year, indicating optimism for future projects.
Lowe's has announced its 2022 Vendor Partners of the Year, recognizing A.O. Smith, Blackstone, and Mansfield Plumbing for their excellence in quality, innovation, and service. A.O. Smith achieved double-digit sales growth in water heaters, Blackstone expanded its griddle category significantly, while Mansfield Plumbing excelled in providing plumbing fixtures. Additionally, Owens Corning was honored as Sustainability Partner of the Year for reducing greenhouse gas emissions by 60% since 2007. This recognition highlights the crucial role these suppliers play in enhancing customer satisfaction and driving sales amid economic challenges.
Lowe's has pledged $2 million to aid relief efforts in Florida following Hurricane Ian's devastation. The donation supports disaster relief partners and provides essential supplies like emergency shelter and food. More than 200 associates from Lowe's Emergency Response Team are deployed to assist affected stores and communities. The company is also activating its Emergency Command Center and distributing free cleanup supplies through bucket brigade events. Financial assistance through the Lowe's Employee Relief Fund is doubling employee donations through Oct. 31.
Lowe's has partnered with Samsung to launch a limited-edition collection of refrigerator panels for the Samsung Bespoke 4-Door French Door Refrigerator, designed by artists Alexa Meade, Amber Vittoria, and Domonique Brown. These exclusive panels allow consumers to customize their appliances while showcasing personal style. With a focus on art and customization, the collaboration aims to transform kitchens into unique spaces. Lowe's, known as the No. 1 home appliance retailer, emphasizes quality, innovation, and style in its offerings.