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Lowe's Companies Inc (LOW)

LOW on New York Consolidated

82.81USD
24 Mar 2017
Change (% chg)

$0.36 (+0.44%)
Prev Close
$82.45
Open
$82.52
Day's High
$82.89
Day's Low
$82.27
Volume
519,173
Avg. Vol
6,034,015
52-wk High
$84.00
52-wk Low
$64.87

Latest Key Developments (Source: Significant Developments)

Lowe's reports Q4 sales of $15.8 billion
Wednesday, 1 Mar 2017 06:00am EST 

Lowe's Companies Inc : Lowe's Companies Inc - Diluted earnings per share of approximately $4.64 are expected for fiscal year ending February 2, 2018. . Lowe's Companies Inc says comparable sales are expected to increase approximately 3.5 percent in 2017 . Lowe's reports fourth quarter sales and earnings results . Q4 adjusted earnings per share $0.86 excluding items . Q4 earnings per share $0.74 . Q4 sales $15.8 billion versus I/B/E/S view $15.39 billion . Q4 same store sales rose 5.1 percent . Q4 earnings per share view $0.79 -- Thomson Reuters I/B/E/S . Lowe's Companies Inc - Sees FY total sales are expected to increase approximately 5 percent .Sees diluted earnings per share of approximately $4.64 are expected for fiscal year ending February 2, 2018.  Full Article

LOWE'S HIRING MORE THAN 45,000 CUSTOMER-FACING ROLES
Thursday, 2 Feb 2017 11:00am EST 

Lowe's Companies Inc : LOWE'S HIRING MORE THAN 45,000 CUSTOMER-FACING ROLES . IN-STORE SEASONAL POSITIONS INCLUDE CASHIERS, LAWN AND GARDEN ASSOCIATES, STOCKERS AND ASSEMBLERS OF OUTDOOR PRODUCTS . HIRING IS UNDERWAY AND WILL TYPICALLY SUPPORT STORES BETWEEN MONTHS OF MARCH AND SEPTEMBER .THE 45,000 SEASONAL EMPLOYEES SUPPLEMENT CO'S MORE THAN 235,000 U.S. STORE EMPLOYEES.  Full Article

Lowe's Companies announces new $5 bln share repurchase program
Friday, 27 Jan 2017 04:30pm EST 

Lowe's Companies Inc - : Announces new $5 billion share repurchase program . Announces new $5 billion share repurchase program . New repurchase program has no expiration date and adds to previous program's balance, which was $627 million as of Oct. 28, 2016 .New repurchase program has no expiration date and adds to previous program's balance.  Full Article

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

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