Lowe's Companies Inc. - LOW STOCK NEWS

Lowe's has committed $100 million over five years to its new community impact program called Lowe's Hometowns, aiming to complete nearly 1,800 projects annually across the U.S. from 2022 to 2026. This includes 100 signature projects based on consumer nominations, enhancing local spaces significantly. The program builds on previous successes, revitalizing over 100 community areas and benefiting 1.3 million people during its 2021 initiative. The launch of this program coincides with increased demand for community support due to the pandemic, showcasing Lowe's dedication to improving homes and communities.

Lowe's Companies (NYSE: LOW) announced that David M. Denton, CFO, will participate in a fireside chat at the UBS Global Consumer and Retail Conference on March 9, 2022, at 12:00 p.m. ET. The event will be accessible via an audio webcast on the company's investor relations site.

Lowe's serves approximately 19 million customer transactions weekly, generating over $96 billion in fiscal 2021 sales across nearly 2,200 stores.

Lowe's has launched DIY-U by Lowe's, a new DIY ecosystem aimed at engaging homeowners, particularly millennials, with personalized home improvement learning experiences. Starting on February 28, 2022, homeowners can register for live-stream and in-store workshops. The program will feature monthly themes and expert-led sessions, enhancing the DIY skills of participants. The initial offerings include workshops on bathroom updates and home office enhancements.

With this initiative, Lowe's aims to create a supportive DIY community and adapt to the evolving needs of modern consumers.

Instacart and Lowe's have partnered to pilot same-day delivery of over 20,000 home improvement items, including appliances and building supplies, from Lowe's stores to customers' doors within one hour. Initially available in Boston and Charlotte, this collaboration addresses the increasing demand for online delivery in the home improvement sector, which saw over a 50% growth in 2021 compared to 2020. Lowe's aims to enhance customer experience and meet same-day delivery needs through this innovative solution.

Lowe's Companies reported strong financial results for the fourth quarter ended January 28, 2022, with net earnings of $1.2 billion and diluted EPS of $1.78, up from $978 million and $1.32 in Q4 2020. Total sales increased to $21.3 billion, a 5.0% rise year-over-year. Comparable sales for the U.S. home improvement business grew 5.1%, while Pro customer sales surged 23%. The company raised its 2022 sales outlook to $97 billion to $99 billion and plans to repurchase approximately $12 billion in shares.

Lowe's Companies, Inc. (NYSE: LOW) will conduct its Fourth Quarter 2021 Earnings Conference Call on February 23, 2022, at 9 a.m. Eastern time. Investors can access the live webcast and supplemental materials via the Investor Relations website. A replay of the call will be available from noon EST on February 23, 2022, through February 22, 2023. Lowe's serves approximately 20 million customers weekly and reported nearly $90 billion in sales for fiscal year 2020.

On February 11, 2022, Rebuilding Together and Lowe's partnered for the 27th annual Kickoff to Rebuild event in Los Angeles, providing essential home repairs to 16 families, including seniors and veterans. The project involved significant renovations like roof replacements and kitchen upgrades, following CDC guidelines. Lowe's has collaborated with Rebuilding Together since 2007, contributing over $5 million and engaging 5,000 volunteers in previous events. This initiative aims to revitalize neighborhoods and support homeowners in need, particularly those in low-income areas around the University of Southern California.

Lowe's has introduced its first modern style exclusive brand, Origin21, aimed at providing affordable and trendy home décor for millennials. This collection features a mix of items such as throw pillows, rugs, and patio furniture, all inspired by various styles and designed for modern living. Origin21 is part of Lowe's House of Style campaign, which focuses on delivering unexpected style finds. Products are currently available at Lowe's stores and online. The brand pays homage to 1921, the year of Lowe's founding, and aims to complete home improvement projects at exceptional value.

Lowe's has launched the MVPs Pro Rewards and Partnership Program to enhance its relationship with home improvement professionals. The program, available in select regions and nationwide from March 7, includes benefits such as e-gift cards for eligible purchases, access to business resources, exclusive offers, and opportunities to win prizes like Ford F-Series trucks. Insights from Lowe's State of the Pro report indicate nearly 90% of pros value robust loyalty programs. Lowe's aims to deepen partnerships with pros, acknowledging their success correlates with the company's success.