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 is celebrating National First Responders Day by offering eligible first responders a $10 discount on purchases over $75 from Oct. 21 to Oct. 28, 2022. In addition to discounts, Lowe's hosts fire safety demos and community projects to support first responders. Part of the Lowe's Hometowns initiative, the company commits $100 million over five years to enhance community spaces. Projects include renovations for local emergency services. The initiative reflects Lowe's appreciation for first responders who play a vital role in community safety.
Lowe's has launched the first interactive store digital twin in the home improvement retail industry during NVIDIA GTC, powered by NVIDIA's Omniverse. This digital twin enables store associates to access and visualize extensive digital data to enhance store operations and customer experiences. Currently live in two stores, it incorporates AR technology for tasks like restocking and optimizing product placements. In the upcoming weeks, Lowe's plans to release part of its 3D product catalog to Omniverse users, encouraging innovative retail applications.
Lowe's has partnered with Instacart to offer same-day delivery from over 1,700 stores across the U.S., enhancing convenience for customers. The initiative allows delivery of nearly 30,000 items, including home improvement essentials, gifts, and holiday decorations, within an hour. This service aims to simplify shopping experiences during the busy fall season. Lowe's, a leading home improvement retailer with over $96 billion in sales in fiscal year 2021, is expanding its e-commerce offerings to improve customer satisfaction and streamline project preparation.
Lowe's is partnering with Sleep in Heavenly Peace to participate in the Bunks Across America event on September 10, aiming to build over 7,500 bunk beds in one day. More than 30 stores will join volunteers, contributing over $350,000 in products. Since 2012, Lowe's has helped build over 123,000 beds to address childhood bedlessness, aligning with their commitment to community support. The initiative reflects Lowe's ongoing support to provide safe and affordable housing for children and families.
Lowe's Companies, Inc. (NYSE: LOW) announced on September 6, 2022, its agreement to issue $4.75 billion in senior notes. The offering includes $1 billion of 4.400% notes due 2025, $1.25 billion of 5.000% notes due 2033, $1.5 billion of 5.625% notes due 2053, and $1 billion of 5.800% notes due 2062. Proceeds will be used for general corporate purposes. The closing date is anticipated for September 8, 2022, contingent on standard conditions. Major financial institutions, including Barclays and Goldman Sachs, are managing the offering.
Lowe's Companies, Inc. (NYSE: LOW) will have its CEO, Marvin R. Ellison, participate in a fireside chat during the Goldman Sachs 29th Annual Global Retailing Conference. The event is scheduled for 1:00 p.m. EDT on September 8, 2022. Investors can access the audio webcast via Lowe's Investor Relations, where an archived version will be available approximately 24 hours later. In fiscal 2021, Lowe's reported over $96 billion in sales, serving around 19 million customer transactions weekly.
Lowe's Companies, Inc. (NYSE: LOW) announced a quarterly cash dividend of $1.05 per share, payable on Nov. 2, 2022. The record date for shareholders to qualify for this dividend is Oct. 19, 2022. This decision reflects the company's ongoing commitment to returning value to its shareholders amid approximately $96 billion in fiscal year 2021 sales.
Lowe's Companies reported a net earnings of $3.0 billion and diluted EPS of $4.67 for Q2 2022, up from $4.25 in Q2 2021. Total sales dipped slightly to $27.5 billion from $27.6 billion, with U.S. comparable sales increasing 0.2%. DIY sales faced challenges due to a shortened spring, but Pro customer sales rose by 13%. The company expects 2022 total sales between $97 billion and $99 billion, with diluted EPS projected at $13.10 to $13.60. Notably, share repurchases totaled $4 billion during the quarter.
Lowe's Companies (NYSE: LOW) will host its Second Quarter 2022 Earnings Conference Call on August 17, 2022, at 9 a.m. Eastern Time. The call will be accessible via the Lowe's Investor Relations website. A replay will be available from noon EST on the same day until August 16, 2023. Lowe's serves around 19 million customer transactions weekly, with sales exceeding $96 billion in fiscal year 2021.
Lowe's has announced a donation of $500,000 to aid disaster relief for communities impacted by severe flooding in eastern Kentucky. This contribution will support various non-profit organizations providing essential services such as emergency shelter and relief supplies. In addition, Lowe's stores are distributing over 400 buckets of cleanup supplies and deploying a disaster response team to assist local efforts. The company is also enhancing support for its associates in the affected area, including matching employee donations to the Lowe's Employee Relief Fund.