Lowes Companies Stock Price, News & Analysis

Lowe's Companies (NYSE: LOW) has announced that its chairman and CEO, Marvin R. Ellison, will participate in a fireside chat at the Goldman Sachs 31st Annual Global Retailing Conference. The event is scheduled for Thursday, September 5, 2024, at 9:35 a.m. ET. Investors and interested parties can access the audio webcast of the fireside chat through Lowe's investor relations website (ir.lowes.com) under the "Events & Presentations" section.

The webcast will be archived and available for replay at the same location approximately 24 hours after the event concludes. This participation in the conference provides an opportunity for Lowe's to engage with investors and share insights about the company's strategies and performance in the retail sector.

Lowe's Companies, Inc. (NYSE: LOW) reported second quarter 2024 results with net earnings of $2.4 billion and diluted EPS of $4.17. Adjusted diluted EPS, excluding a $43 million pre-tax gain from the Canadian retail business sale, was $4.10. Total sales decreased to $23.6 billion from $25.0 billion in the prior-year quarter, with comparable sales declining 5.1%. The company faced challenges in DIY bigger ticket discretionary spending and unfavorable weather impacting seasonal sales. However, Lowe's saw positive comparable sales in Pro and online segments. The company repurchased 4.4 million shares for $1.0 billion and paid $629 million in dividends. Due to lower-than-expected DIY sales and a pressured macroeconomic environment, Lowe's has updated its full year 2024 outlook.

Lowe's Companies (NYSE: LOW) has announced its Second Quarter 2024 Earnings Conference Call, scheduled for Tuesday, Aug. 20, at 9 a.m. Eastern time. Investors and analysts can access the webcast through the Quarterly Earnings section of Lowe's Investor Relations website, ir.lowes.com. Supplemental materials will be available 15 minutes before the call begins. The company will provide a webcast replay accessible from noon EST on Aug. 20, 2024, through Aug. 19, 2025, in the Events & Presentations section of their Investor Relations website.

Valspar, a leading paint company, has announced Encore 8002-45G as its 2025 Color of the Year. This atmospheric blue hue is described as versatile and timeless, suitable for both interior and exterior projects. Sue Kim, director of color marketing at Valspar, highlights Encore's ability to blend Old World luxury with futuristic design elements.

The color is available in various Valspar paint formulas, including interior, exterior, cabinet, furniture, metal, and concrete paints. Valspar suggests pairing Encore with complementary shades like Lavender Escape, Sprig of Sage, Gosling, and Graceful Gray. The company also offers free color consultations and paint chip delivery to assist DIYers in their projects.

Lowe's Companies, Inc. (NYSE: LOW) has rebranded its retail media network as Lowe's Media Network, introducing a new logo and expanding its portfolio of omnichannel advertising solutions. The network now includes new channels such as email, in-store audio, paid search, and direct mail for install services. This enhancement aims to provide a world-class retail media experience with white glove service for brand advertisers.

The expanded offerings include onsite premium native display, sponsored product ads, omni-channel programmatic activations, offsite advertising placements, and custom insights. Lowe's Media Network has grown rapidly since its 2021 launch, now serving over 300 brands and reaching more than 120 million unique customers. The rebrand strengthens the network's association with the Lowe's brand and reflects the close collaboration between merchandising and marketing strategies.

HGTV Home by Sherwin-Williams has announced 'Naturally Refined' as its 2025 Color Collection of the Year, with Quietude (HGSW6212) named as the 2025 Color of the Year. The collection features 10 unique shades that exude quiet comfort and luxury through softened colors with subtle contrast. To celebrate the launch, HGTV Home by Sherwin-Williams has partnered with Palazzo, an AI-powered home visualization tool, becoming the first paint brand to collaborate with this innovative platform.

The 'Naturally Refined' palette includes creamy neutrals, warm browns and orange, and muted yellows and greens. Quietude, a soft sage green with blue undertones, is designed to create a serene environment and has been chosen for its classic elegance and staying power across various design styles. The collection is available exclusively at Lowe's stores nationwide and on Lowes.com.

STAINMASTER Paint, exclusively available at Lowe's, has announced Truffle as its 2025 Color of the Year. This deep, sophisticated hue aligns with the trend towards luxury interiors and dark designs. Truffle offers versatility, suitable for bold, dramatic designs or as a subtle accent with lighter accessories.

Monica Reese, Lowe's Director of Trend and Style, highlighted Truffle's ability to complement various styles and color palettes. The color was chosen after a thorough analysis of top-performing colors and industry trends. STAINMASTER Performance Interior Paint and Primer boasts features like stain, mold, and mildew protection, excellent scrub resistance, and a lifetime stain-resistant warranty.

HGTV Home® by Sherwin-Williams has launched Cabinet & Furniture paint, a new acrylic urethane enamel exclusively available at Lowe's. This innovative product offers a factory-like finish on cabinets and furniture, can be tinted to any color, and comes in satin and semi-gloss sheens. The paint is designed to help customers reimagine spaces without costly renovations, making it ideal for kitchens and bathrooms.

Key features include resistance to stains, scuffs, scratches, and moisture, as well as a mildew- and mold-resistant finish. It offers exceptional adhesion and coverage, prevents doors and drawers from sticking, and can be applied by brush, roller, or sprayer without leaving brush marks. The product aligns with current economic trends of homeowners opting to renovate existing spaces rather than move.

Lowe's (LOW) has announced a partnership with Charlotte-based track and field star Anna Cockrell, making her the first female athlete to join the Lowe's Home Team. This move follows successful collaborations with other high-profile athletes, including Lionel Messi. Cockrell, a gold medalist and Olympian, joins a roster of notable sports figures on the team.

To celebrate its partnership with USA Track & Field, Lowe's will offer a free American flag to the first 50 eligible loyalty program members at local stores on July 27, 2024. This initiative aligns with Lowe's commitment to community engagement and customer appreciation. The company's Home Team has been actively involved in nationwide community initiatives since 2020, working alongside professional athletes, associates, and contractors.