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 reported strong financial results for Q4 2020, with net earnings of $978 million and diluted EPS of $1.32, up from $509 million and $0.66 respectively in Q4 2019. Adjusted diluted EPS increased 41.5% to $1.33. Total sales reached $20.3 billion, a 28.1% increase, with comparable sales for the U.S. home improvement sector rising 28.6%. The company also repurchased 21.1 million shares for $3.4 billion during the quarter. Looking ahead, Lowe's anticipates further market share growth and operating margin expansion in 2021.
Lowe's (NYSE: LOW) has announced the successful outcomes of its inaugural virtual pitch program, Making It…with Lowe's, which evaluated over 400 innovative products from diverse entrepreneurs. The top three participants—Joe Porche with Handle and Haul, Christina Woerner McInnis with SoilKit, and Taufeek Shah with Lola's Fine Hot Sauce—each received grants and opportunities for marketing support, as well as shelf space in Lowe's stores and online. Following the success of season one, a second season will be launched this fall, enhancing support for small businesses.
Lowe's Companies, Inc. (NYSE: LOW) will hold its fourth quarter 2020 earnings conference call on February 24, 2021, at 9:00 a.m. ET. The webcast can be accessed via the Lowe's Investor Relations website, with supplemental materials available 15 minutes before the call. A replay of the call will be available from 12:00 p.m. ET on February 24 until May 18, 2021. Lowe's serves approximately 18 million customers weekly across the U.S. and Canada, with fiscal year 2019 sales reaching $72.1 billion.
Lowe's is hosting a unique Valentine's Day event, giving 50 couples the chance to participate in an intimate splash-painting date night at select stores. Scheduled for February 14 from 8-10 p.m., the event will take place in ten romantic cities, including Chicago and San Francisco. Couples will enjoy a toast, light bites, and choose from a curated paint color menu before creating a collaborative artwork to take home. Interested participants can enter via Lowes.com/valentines until February 7.
Lowe's Companies (NYSE: LOW) announced an additional $80 million in bonuses for front-line associates and plans to hire over 50,000 workers in U.S. stores this spring. The new bonuses increase Lowe's total commitment to associates and community support during the pandemic to nearly $1.3 billion. Active hourly associates will receive bonuses on Feb. 5, with full-time staff getting $300 and part-time $150. The initiative builds on hiring efforts that included over 90,000 associates in the past year to enhance service during peak times.
Lowe's Companies (NYSE: LOW) hosted a virtual Investor Update on December 9, 2020, unveiling its Total Home strategy aimed at enhancing market share. CEO Marvin R. Ellison emphasized a comprehensive approach to home solutions for DIY and Pro customers, focusing on customer engagement and an expanded online presence. CFO David M. Denton outlined plans for improved operating efficiency and a commitment to shareholder value through a $15 billion stock repurchase program. Lowe's forecasts a 22% sales increase for FY 2020, with expected diluted EPS between $7.53 and $7.63.
Lowe's (NYSE: LOW) has announced a donation of $1 million worth of pre-lit Christmas trees to families and organizations affected by the COVID-19 pandemic. In partnership with the NFL and various nonprofits, the initiative aims to deliver over 13,000 trees to those in need across the U.S. over the next two weeks. Notable NFL players, including Dak Prescott, will help distribute the trees. This effort aligns with Lowe's commitment to supporting communities during the holiday season, particularly in light of traditional celebrations being disrupted by the pandemic.
Lowe's Companies, Inc. (NYSE: LOW) will host a virtual investor update on December 9, 2020, from 8:00 a.m. to 10:00 a.m. Eastern Time. CEO Marvin R. Ellison and CFO David M. Denton will discuss the company's strategic growth, productivity initiatives, and provide an update on financial targets. A Q&A session will follow the presentation. Lowe's serves approximately 18 million customers weekly and reported $72.1 billion in sales for fiscal year 2019, operating over 2,200 stores with around 300,000 employees.
Lowe's Companies, Inc. (NYSE: LOW) reported net earnings of $692 million and diluted EPS of $0.91 for Q3 2020, impacted by a $1.1 billion loss on debt extinguishment. Adjusted diluted EPS rose 40% to $1.98, with sales increasing to $22.3 billion from $17.4 billion a year prior, and comparable sales up 30.1%. The company made significant investments, including $245 million for COVID-related support, and reinstated its share repurchase program, repurchasing 3.6 million shares for $621 million. For Q4 2020, Lowe's forecasts 15-20% sales growth and adjusted EPS guidance of $1.10 to $1.20.
Lowe's Companies, Inc. has declared a quarterly cash dividend of $0.60 per share, payable on February 3, 2021. Shareholders of record as of January 20, 2021 will receive this dividend. In 2019, Lowe's reported fiscal year sales of $72.1 billion and serves approximately 18 million customers weekly across over 2,200 stores in the U.S. and Canada. The company is committed to supporting communities through affordable housing initiatives and developing skilled trade programs.