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Lowe's Companies Inc (LOW.N)

LOW.N on New York Stock Exchange

72.35USD
23 Sep 2016
Change (% chg)

$0.27 (+0.37%)
Prev Close
$72.08
Open
$72.09
Day's High
$72.98
Day's Low
$71.73
Volume
1,504,021
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1,566,154
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$83.65
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$62.63

Latest Key Developments (Source: Significant Developments)

Lowe's Companies sets quarterly cash dividend of $0.35 per share
Friday, 19 Aug 2016 04:30pm EDT 

Lowe's Companies Inc :Sets quarterly cash dividend of $0.35 per share.  Full Article

Lowe's Cos - saw softer comps in May stemming from Q1 project pull-forward and unfavorable weather
Wednesday, 17 Aug 2016 12:55pm EDT 

Lowe's Cos Inc : Home fashions, lawn & garden, millwork, outdoor power equipment, paint, rough plumbing & electrical categories underperformed in Q2 . Forecasts FY cash flow from operations of about $5.6 billion, capital expenditures of about $1.5 billion . On conf call- northern region sales affected by abbreviated spring, which affected outdoor activity . On conf call- customers took advantage of favorable weather conditions in Q1 to complete outdoor projects . On conf call- Q2 comps in pro business were well above co average . Chief customer officer- " comps were below expectation for the second quarter" . Chief customer officer- we saw softer comps in May, stemming both from Q1 project pull-forward and unfavorable weather . Comps were negative 2.8% in May, positive 5% in June, and positive 3.8% in July . Weather negatively impacted comp sales in Q2 by 110 basis points . Ceo- "when we look at macroeconomic environment and impacts weather had on our Q2, it still sets us up incredibly well (for 2nd half)" . Presentation- Q2 big-ticket purchases rose 2.9 percent, average ticket rose 1.7 percent Further company coverage: [LOW.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Lowe's Q2 earnings per share $1.31
Wednesday, 17 Aug 2016 06:00am EDT 

Lowe's Companies Inc : Q2 earnings per share $1.31 . Q2 same store sales rose 2 percent . Lowe's reports second quarter sales and earnings results . Q2 sales $18.3 billion versus I/B/E/S view $18.45 billion . Q2 earnings per share view $1.42 -- Thomson Reuters I/B/E/S . Lowe's Companies Inc sees FY 2016 comparable sales are expected to increase approximately 4 percent . Fiscal year 2016 total sales are expected to increase approximately 10 percent, including 53(rd) week . 53(rd) week in FY 2016 is expected to increase total sales by approximately 1.5 percent . FY earnings per share view $4.06, revenue view $63.84 billion -- Thomson Reuters I/B/E/S . Sees FY earnings per share $4.06 .Says company expects to add approximately 45 home improvement and hardware stores in FY.  Full Article

Lowe's increases quarterly dividend 25 pct to $0.35/shr
Friday, 27 May 2016 10:18am EDT 

Lowe's Companies Inc :Board of directors has declared a 25 percent increase in its quarterly cash dividend to 35 cents per share.  Full Article

Lowe's says Rona's annual meeting of shareholders cancelled
Friday, 20 May 2016 08:18am EDT 

Lowe's Companies Inc :Says Rona's annual meeting of shareholders, initially scheduled on June 20, 2016, cancelled in light of completion of arrangement.  Full Article

Lowe's on conf call- FY Outlook for home improvement industry remains positive
Wednesday, 18 May 2016 10:04am EDT 

Lowe's Cos Inc : Healthy macro fundamentals, favorable weather and compelling offers drove q1 comp growth above our expectations . In presentation - Q1 sales of lawn and garden, lumber and building materials, paint, tools and hardware, millwork above average . In presentation - Q1 sales of appliances, flooring, kitchens, outdoor power equipment, seasonal living below average . In presentation - key drivers of home improvement spending are real disposable personal income, home prices and housing turnover . Outlook for home improvement industry remains positive, supported by strong gains in job market and income growth and housing trends . In presentation - rising home prices motivating homeowners to invest in their homes . On conf call- achieved double-digit Q1 comps in lumber and building materials driven by continued surge in outdoor construction projects . Q1 gross margin contracted due to strong performance in lower margin categories such as lumber and building materials . CFO- confident in our plans and hope to sustain momentum, believe it's prudent to maintain previously provided outlook Further company coverage: [LOW.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

A.G. Schneiderman settles with Home Depot and Lowe’s over alleged violations of state law protecting New York waters
Wednesday, 18 May 2016 08:28am EDT 

A.G. Schneiderman announces settlement with home depot and lowe’s over alleged widespread violations of state law protecting new york waters : Home depot will pay $78,000 and lowe’s will pay $52,000, in penalties to new york state for the alleged violations . Separate settlements with home depot,lowe’s home centers over alleged violations of 2010 state law designed to reduce water pollution .90% of home depot stores and lowe’s stores – 16 of 18 – in new york inspected had one or more alleged violations of the law.  Full Article

Lowe's says Q1 same store sales rose 7.3 percent
Wednesday, 18 May 2016 06:18am EDT 

Lowe's Companies Inc : Lowe's reports first quarter sales and earnings results . Q1 earnings per share $0.98 . Q1 sales $15.2 billion versus i/b/e/s view $14.87 billion . Q1 same store sales rose 7.3 percent . Q1 earnings per share view $0.85 -- Thomson Reuters I/B/E/S . Sees for 2016, total sales are expected to increase approximately 6 percent, including 53 rd week . Q1 results include an unrealized gain on a foreign currency which increased pre-tax earnings for q1 by $0.11per share . Sees comparable sales are expected to increase approximately 4 percent in fiscal year 2016 . Says diluted earnings per share of approximately $4.11 are expected for fiscal year ending february 3, 2017 . Lowe's business outlook excludes impact of pending rona acquisition . Says 53 rd week is expected to increase total sales by approximately 1.5 percent .Says lowe's business outlook excludes impact of pending rona acquisition.  Full Article

Lowe's says Rona deal approved by Competition Bureau, Investment Canada Act
Friday, 13 May 2016 08:32am EDT 

Lowe's Companies Inc : Lowe's receives Investment Canada approval and Competition Bureau clearance for its pending acquisition of Rona . Company expects deal to close on May 20 .Lowe's receives Investment Canada approval and Competition Bureau clearance for its pending acquisition of Rona.  Full Article

Canada approves Lowe's application to acquire control of RONA
Friday, 13 May 2016 08:32am EDT 

Innovation, Science and Economic Development Canada:Canada approves Lowe's application to acquire control of RONA.  Full Article

Lowe's says Woolworths voted to end JV without consent -court filing

Aug 30 U.S. home improvement chain Lowe's Companies Inc has begun legal proceedings against Australian retailer Woolworths Ltd for allegedly voting to end a joint venture without mutual consent, in violation of their partnership agreement.