Lowes Companies (LOW) Stock News

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.

Lowe's (LOW) is launching Lowe's Style Studio™, an innovative Apple Vision Pro experience at five Bay Area stores starting April 26, 2025. The free service allows customers to virtually design and visualize kitchen renovations in immersive 3D before making actual changes.

The technology enables users to explore different colors, styles, and features in real-time, viewing full-sized countertops, backsplashes, and appliances. Customers can focus on single elements or reimagine entire rooms, with the ability to save and share their designs through their Lowes.com accounts.

The service will be available at Lowe's locations in Concord, East San Jose, Dublin, South San Jose, and Sunnyvale. Sessions can be scheduled by appointment or walk-in, with customers able to bring family members or professionals who can follow along on an iPad that mirrors the Apple Vision Pro experience.

Lowe's has launched a nationwide campaign called #BuildThanks with the goal of collecting one million thank yous by May 2 for disaster response heroes. The initiative coincides with the reopening of their East Asheville store, which was damaged by Hurricane Helene.

The campaign honors first responders, volunteers, and nonprofits who assist in disaster recovery efforts across the country, including recent tornadoes, floods, and wildfires. Communities can participate by delivering thank you notes to the East Asheville store or posting messages using #BuildThanks on social media.

As part of their commitment to disaster recovery, Lowe's has invested nearly $14 million in response to Hurricanes Helene and Milton, plus $2 million for wildfire relief in Southern California.

Lowe's Companies (NYSE: LOW) has announced a definitive agreement to acquire Artisan Design Group (ADG) for $1.325 billion. ADG, with fiscal 2024 revenue of $1.8 billion, is a leading nationwide provider of design, distribution, and installation services for interior surface finishes to homebuilders and property managers.

ADG's network includes over 3,200 specialized installers and serves both single-family and multifamily homebuilders. The acquisition will expand Lowe's Pro offering into a new distribution channel within a $50 billion market. The transaction, to be financed with cash on hand, is expected to close in Q2 2025, subject to regulatory approvals.

The strategic move aims to capitalize on the projected demand for new home construction, with an estimated need for 18 million homes in the United States by 2033. ADG's expertise in flooring, cabinets, and countertops, combined with Lowe's scale, is expected to enhance offerings to an expanded Pro customer base.

Lowe's Companies (NYSE: LOW) has agreed to acquire Artisan Design Group (ADG) from The Sterling Group for $1.325 billion. ADG, headquartered in Dallas, is a leading nationwide provider of design, distribution, and installation services for interior surface finishes, operating 132 facilities across 18 states with over 3,200 personnel.

The acquisition will expand Lowe's Pro offering into a new distribution channel within a $50 billion market. With projections indicating a need for 18 million homes in the United States by 2033, new home construction is expected to drive Pro planned spending for the next decade.

Under Sterling's ownership since 2018, ADG completed 15 acquisitions. The transaction is expected to close in Q2 2025, subject to regulatory approvals and customary closing conditions.