Lowes Companies (LOW) Stock News

Lowe's (LOW) has launched the first home improvement creator network, with MrBeast, the world's most-followed digital creator, as a flagship partner. The network features a multi-tiered system offering creators competitive commissions, customizable storefronts on Lowes.com, product samples, and training resources. MrBeast's partnership includes a curated storefront and exclusive collaboration for Beast Games season two, where Lowe's will be the building partner for BeastCity. The initiative aims to connect with Millennial and Gen Z audiences through authentic content creation. Already enrolling 17,000 creators during beta, the free-to-join network allows creators to monetize content immediately while gaining access to project funding and sponsorship opportunities as they advance. The program also extends opportunities through Lowe's Retail Media Network, enhancing brand presence across digital channels.

Lowe's Companies (NYSE: LOW) has announced that Chairman and CEO Marvin R. Ellison and CFO Brandon J. Sink will participate in a virtual fireside chat hosted by Brian Nagel from Oppenheimer & Co. Inc. The event is scheduled for Wednesday, June 11, 2025, at 1:30 p.m. ET. Investors and interested parties can access the live video webcast through Lowe's Investor Relations website at ir.lowes.com under the "Events & Presentations" section. An archived version of the webcast will be available at the same location approximately 24 hours after the live event concludes.

Lowe's Companies (NYSE: LOW) has successfully completed its acquisition of Artisan Design Group (ADG), a leading provider of design, distribution, and installation services for interior surface finishes. ADG serves home builders and property managers nationwide with a strong reputation for customer service and execution. Lowe's CEO Marvin R. Ellison highlighted ADG's industry-leading position and high customer satisfaction scores from top homebuilders. The strategic acquisition aims to accelerate Lowe's growth in Pro planned spend and expand into an adjacent distribution channel within a fragmented $50 billion market. The transaction involved multiple financial advisors, with Centerview Partners LLC and Greenhill advising Lowe's, while RBC Capital Markets, Goldman Sachs, and Robert W. Baird advised ADG.

Lowe's Companies (NYSE: LOW) has announced a 4% increase in its quarterly cash dividend to $1.20 per share, up from the previous $1.15. The dividend will be paid on August 6, 2025, to shareholders of record as of July 23, 2025. CEO Marvin R. Ellison emphasized the company's ongoing transformation and Total Home strategy positioning, despite current macroeconomic challenges. The dividend increase demonstrates the Board's confidence in the company's long-term growth investments and commitment to shareholder value. Notably, Lowe's has maintained a consistent track record of paying quarterly dividends since its 1961 IPO and has increased its dividend for over 25 consecutive years.

Lowe's (LOW) has announced a strategic partnership with Mirakl, a global leader in marketplace technology, to accelerate the growth of its online marketplace launched in December 2024. The collaboration aims to enhance Lowe's e-commerce capabilities by offering customers an expanded selection of products from third-party sellers. The marketplace includes categories such as indoor and outdoor furniture, kitchen and bath, home décor, and tools. Through Mirakl's platform, verified sellers can easily manage their catalogs on Lowes.com. Key features include MyLowe's Rewards points on marketplace purchases, home delivery options, and the ability to return items to any of Lowe's 1,700+ stores. The marketplace supports Lowe's Total Home Strategy by offering products across various price points, from value to premium, while maintaining strict seller verification standards to ensure quality.

Lowe's (NYSE: LOW) reported its Q1 2025 financial results with net earnings of $1.6 billion and diluted EPS of $2.92, down from $3.06 in Q1 2024. Total sales decreased to $20.9 billion from $21.4 billion year-over-year, with comparable sales declining 1.7% due to unfavorable weather, partially offset by mid-single-digit Pro and online sales growth. The company maintained its full-year 2025 outlook, projecting total sales of $83.5-84.5 billion and comparable sales growth of 0-1%. Lowe's achieved the #1 ranking in Customer Satisfaction among Home Improvement Retailers by J.D. Power. The company paid $645 million in dividends and expects diluted EPS of $12.15-12.40 for the full year 2025.

Lowe's (LOW) has announced a new commitment to deliver 10 million square feet of impact annually to strengthen communities nationwide. This initiative builds on the company's century-long tradition of community service and will measure all forms of community assistance, from playground construction to disaster relief efforts.

The program launched with a significant 24-hour Bed Build event in Charlotte, where 5,500 Lowe's associates and volunteers crafted 5,000 beds for children across 49 cities in 16 states, delivering over 100,000 square feet of impact. The initiative is part of Lowe's Hometowns, a $100 million, five-year program that supports 100 large-scale community projects annually, alongside 1,700 associate-led efforts.

Lowe's Companies (NYSE: LOW) has announced its upcoming First Quarter 2025 Earnings Conference Call, scheduled for Wednesday, May 21, 2025, at 9 a.m. Eastern time. Investors and interested parties can access the webcast through the Quarterly Earnings section of Lowe's Investor Relations website at ir.lowes.com. Supplemental materials will be made available 15 minutes prior to the call.

A replay of the webcast will be accessible from noon ET on May 21, 2025, through May 20, 2026, in the Events & Presentations section of the company's Investor Relations website.

Lowe's (LOW) has launched Mylow Companion, marking a significant milestone as the first at-scale AI assistant for retail associates across its 1,700+ stores. Built in collaboration with OpenAI, this AI tool helps store associates provide expert-level customer service and accelerates employee onboarding. The system offers quick access to product details, project advice, and inventory information through natural conversational prompts and voice-to-text functionality. This launch follows the recent introduction of Mylow, the company's customer-facing virtual advisor, both leveraging the same AI foundation. The technology enables associates, regardless of their experience level, to confidently assist customers with complex home improvement projects and product inquiries, reinforcing Lowe's position as the most assistive brand in home improvement and a leader in retail innovation.