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 and Habitat for Humanity International renew their partnership to tackle home repair projects across the U.S., allocating $2.5 million for three grants. These funds will support 628 projects managed by 100 local Habitat organizations, focusing on critical home repairs and accessibility enhancements. Since their initial partnership in 2003, Lowe's contributions to Habitat will surpass $84 million. This initiative aims to address the gap in affordable home repair services for low to moderate-income households, promoting safer living conditions.
Lowe's Companies, Inc. (NYSE: LOW) has announced a 31% increase in its quarterly cash dividend, now set at $1.05 per share, payable on August 3, 2022. Shareholders of record as of July 20, 2022 will benefit from this increase, up from the previous $0.80 per share. This marks Lowe's commitment to returning capital to shareholders, with a history of consistent quarterly dividends since 1961.
In fiscal year 2021, Lowe's reported sales exceeding $96 billion, reinforcing its position as a leading home improvement retailer.
Lowe's (NYSE: LOW) reported net earnings of $2.3 billion for Q1 2022, matching the previous year, with diluted EPS of $3.51, up from $3.21 in Q1 2021. Total sales decreased to $23.7 billion from $24.4 billion, with U.S. comparable sales down 3.8%. However, pro customer sales rose by 20%. The company remains optimistic about future sales, particularly as weather improves. For FY 2022, Lowe's affirms a sales outlook of $97 to $99 billion, with EPS guidance of $13.10 to $13.60. Capital allocation included $4.1 billion for share repurchases and $537 million in dividends.
Lowe's has announced a commitment of over $15 million to support national nonprofit partners in 2022. This funding includes more than $9 million to enhance access to safe, affordable housing and $4 million for skilled trades education. The initiative aims to help communities address critical housing challenges and develop future skilled trades professionals. Additionally, Lowe's is recognizing its ongoing support for military members and veterans through partnerships with organizations like USO and AMVETS.
Lowe's Companies, Inc. (NYSE: LOW) will host its First Quarter 2022 Earnings Conference Call on May 18, 2022, at 9 a.m. Eastern time. The call will be accessible via a webcast, with supplemental materials available starting 15 minutes prior. The conference aims to provide insights into the company’s financial performance, including sales of over $96 billion in fiscal year 2021 and around 19 million customer transactions weekly. A replay of the call will be available from noon EST on May 18 until May 17, 2023.
Richard Dreiling, Lead Independent Director of Lowe's Home Improvement (NYSE:LOW) and Executive Chairman of Dollar Tree (NYSE:DLTR), has been praised by the Pulte Family for his service on the independent Board of Directors of PulteGroup (NYSE:PHM). Dreiling's leadership included a term as chair of the nominating and governance committee. Following his departure, PulteGroup has decided not to replace him, resulting in a smaller independent board with nine members. Dreiling continues his roles at Kellogg and Lowe's.
Lowe's has launched a new debt-free education program aimed at over 300,000 associates, facilitating access to educational opportunities in fields like technology and data analytics. This initiative, developed in collaboration with Guild, offers more than 50 programs across various universities, including HBCUs and HSIs. Associates will benefit from covered tuition, textbooks, and personalized support. Additionally, Lowe's continues to invest in employee development through existing tuition reimbursement programs and initiatives like Track to the Trades, further enhancing their workforce capabilities.
Lowe's Companies, Inc. (NYSE: LOW) announced the appointment of Brandon Sink as Chief Financial Officer, effective April 30, 2022. Sink, who has over 20 years of finance experience and has been with Lowe's since 2010, will succeed Dave Denton, who is leaving for another opportunity. Denton will assist in the transition. The company reaffirmed its full-year 2022 outlook, maintaining its focus on growth and disciplined capital allocation aimed at enhancing shareholder value.
Lowe's Companies, NYSE: LOW, announces that David M. Denton, the Chief Financial Officer, will participate in a fireside chat at the J.P. Morgan Retail Round-up.
This event is scheduled for April 6, 2022, at 10:00 a.m. ET. Investors can access the audio webcast at ir.lowes.com after the event.
Lowe's serves around 19 million customer transactions weekly and reported over $96 billion in sales for fiscal year 2021, operating nearly 2,200 stores across the U.S. and Canada.
Lowe's Companies, Inc. (NYSE: LOW) announced a debt offering totaling $5 billion, consisting of various notes with maturities ranging from 2027 to 2062. The breakdown includes $750 million of 3.350% Notes due 2027, $1.5 billion of 3.750% Notes due 2032, $1.5 billion of 4.250% Notes due 2052, and $1.25 billion of 4.450% Notes due 2062. Proceeds will be used for general corporate purposes, with closing expected on March 24, 2022. The offering is managed by BofA Securities, Citigroup, J.P. Morgan, and RBC Capital Markets.