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Lowe's Companies Inc (LOW.N)

LOW.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Lowe's preps for layoffs as it shifts to new store staffing model - CNBC
Thursday, 12 Jan 2017 03:17pm EST 

:Lowe's Companies Inc preps for layoffs as it shifts to new store staffing model - CNBC, citing a source.  Full Article

Lowe's Q3 adjusted EPS $0.88
Wednesday, 16 Nov 2016 06:00am EST 

Lowe's Companies Inc : FY earnings per share view $4.00, revenue view $64.80 billion -- Thomson Reuters I/B/E/S . Lowe's Companies Inc says diluted earnings per share of approximately $3.52 are expected for fiscal year ending february 3, 2017 . Sees comparable sales are expected to increase 3 to 4 percent for fiscal year 2016 . Sees total sales are expected to increase 9 to 10 percent, including 53(rd) week for fiscal year 2016 . Q3 earnings per share $0.43 . Q3 same store sales rose 2.7 percent . Q3 adjusted earnings per share $0.88 excluding items . Lowe's reports third quarter sales and earnings results . Q3 sales $15.7 billion versus i/b/e/s view $15.86 billion .Q3 earnings per share view $0.96 -- Thomson Reuters I/B/E/S.  Full Article

Rona preferred shareholders approve arrangement with Lowe's
Tuesday, 15 Nov 2016 04:30pm EST 

Rona Inc : Rona preferred shareholders approve arrangement with Lowe's . Rona Inc - arrangement was approved by 95.19% of votes cast by preferred shareholders present in person or represented by proxy at special meeting .Rona inc - Rona expects that arrangement will be completed on or about Nov. 18, 2016..  Full Article

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

BRIEF-Lowe's appoints Jocelyn Wong as Chief Marketing Officer

* Lowe's appoints Jocelyn Wong as Chief Marketing Officer Source text for Eikon: Further company coverage: