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Lowe's Reports Third Quarter 2020 Sales And Earnings Results
Lowe's Says Co Not In Discussions With HD Supply And Have No Plans To Pursue Transaction With Them
Lowe's Issues An Aggregate Of $4 Bln Of Unsecured Notes
Lowe's Companies, Inc. (Lowe's) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens. The Company also supports the communities that focus on K-12 public education and community improvement projects. The Company serves its customers in the United States, Canada and Mexico.
Retail (Home Improvement)
1000 Lowes Blvd
Richard W. Dreiling
Independent Chairman of the Board
Marvin R. Ellison
President, Chief Executive Officer, Director
David M. Denton
Chief Financial Officer, Executive Vice President
Executive Vice President, Chief Information Officer
Marisa F. Thalberg
Executive Vice President, Chief Brand and Marketing Officer
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A U.S. appeals court ruled Wednesday that Lowe’s Companies Inc was not in violation of the Americans with Disabilities Act (ADA) when it offered a severance package and early retirement to a manager who had several knee surgeries.
Lowe's Companies <LOW.N> said on Friday it would hire 20,000 associates across its U.S. stores and regional distributors, anticipating higher customer demand during the holiday season.
Masks, social distancing and voting were the key themes at New York Fashion Week, as the five-day parade of shows in the COVID-19 era closed on Thursday with designer Christian Siriano presenting his Sarah Jessica Parker-inspired collection at his Connecticut home.
Brandon Lowe's team-leading 12th home run broke a seventh-inning tie as the host Tampa Bay Rays beat the Boston Red Sox 5-4 on Saturday night in St. Petersburg, Fla.
* Indexes: Dow rises 0.36%, S&P up 0.14%, Nasdaq dips 0.08% (Updates to market open)
U.S. stocks opened slightly higher on Wednesday following positive results from retailers Target and Lowe's, a day after the S&P 500 completed its fastest recovery from a bear market in history.
* Futures: Dow up 0.13%, S&P up 0.08%, Nasdaq down 0.18% (Adds quote, updates prices)
U.S. stock index futures edged higher on Wednesday following solid earnings from retailers Target and Lowe's, a day after the S&P 500 completed its fastest recovery from a bear market in history.
* LOWE'S COMPANIES INC SAYS CEO MARVIN ELLISON'S FY 2019 TOTAL COMPENSATION WAS $11.6 MILLION VERSUS $14.3 MILLION IN FY 2018 - SEC FILING
Lowe's Cos Inc <LOW.N> reported lower-than-expected quarterly sales on Wednesday as it failed to make the most of the strongest U.S. home building market since 2006 unlike larger rival Home Depot Inc <HD.N>.
Lowe's Cos Inc on Wednesday missed quarterly same-store sales estimates as the home improvement chain faced stiff competition from larger rival Home Depot Inc, and forecast annual earnings below estimates.
Lowe's Cos Inc <LOW.N> raised its annual profit forecast on Wednesday, helping ease concerns over the health of the U.S. consumer after larger rival Home Depot Inc <HD.N> cut its full-year sales estimates ahead of the all-important holiday season.
Lowe's Cos Inc missed quarterly same-store sales estimates on Wednesday, as the home improvement chain faced intense competition from Home Depot Inc.
Wall Street's main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in U.S. consumer demand, and held gains after minutes from last month's Federal Reserve meeting showed policymakers had debated a more aggressive interest rate cut.
* Indexes up: Dow 0.96%, S&P 0.89%, Nasdaq 1.04% (Updates to open)
U.S. stocks opened higher on Wednesday, as strong results from Lowe's and Target boosted retailers, while investors awaited minutes from the Federal Reserve's July policy meeting due later in the day.
Australia's central bank was "strongly committed" to returning inflation to the target range, Governor Philip Lowe said on Thursday as the country's government considers a review of the monetary policy framework.
Lowe's Cos Inc cut its full-year profit forecast after reporting disappointing first-quarter earnings, as the home improvement chain failed to raise prices in time to make up for higher costs, sending its shares down 9%.
U.S. stocks opened lower on Wednesday, as reports that Washington could impose sanctions on another Chinese company raised fears of an escalation in trade tensions, with the S&P 500 also dragged down by losses in chipmaker Qualcomm and home improvement chain Lowe's.
Home improvement chain Lowe's Cos Inc cut its full-year profit forecast on Wednesday, as higher costs dented margins in the first quarter.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.