Lowes Companies Stock Price, News & Analysis

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.

Lowe's (NYSE: LOW) and Petco (Nasdaq: WOOF) have launched a pilot store-in-store program at Lowe's Alamo Ranch, Texas, set to open in February 2022. This collaboration aims to combine home improvement and pet care products, enhancing customer convenience. The initiative plans to expand to 14 additional locations across Texas, North Carolina, and South Carolina by March 2022. Customers can access a curated selection of Petco's nutrition, supplies, and services alongside Lowe's products, aiming to create a unique shopping experience for pet owners.

Lowe's Companies, Inc. (NYSE: LOW) hosted its 2022 Financial Outlook webcast on December 15, 2021, detailing its Total Home Strategy aimed at increasing market share and enhancing productivity. The company expects total sales for 2022 to range from $94 billion to $97 billion, with a comparable sales forecast of a decline of 3% to flat. Notably, Lowe's has authorized a new $13 billion share repurchase program, boosting total repurchase authorization to approximately $20 billion. The outlook for diluted earnings per share is projected between $12.25 and $13.00.

Lowe's is donating $1 million to aid immediate relief efforts following devastating tornadoes in Kentucky and the Central U.S. The donation supports disaster relief partners like the American Red Cross, providing essential services such as emergency shelter and supplies. Lowe's associates have already engaged in local relief activities, including distributing water and boarding up buildings in Mayfield, Kentucky. Additionally, Lowe's will deploy a Tool Rental Disaster Response Trailer to assist residents with equipment rentals. The company has committed over $4 million to disaster relief in 2021.

On Nov. 30, 2021, Lowe's announced its "Hometown Secret Santas" initiative, marking Giving Tuesday by supporting 100 local communities. This program allows each selected community advocate to receive $2,000 in gift cards to purchase gifts for deserving individuals or organizations. Additionally, Lowe's introduces its Winterfest event, featuring festive experiences, DIY Holiday House Kits, and a chance to win CRAFTSMAN tools valued over $10,000. These initiatives aim to spread joy and enhance community relationships during the holiday season.

Lowe's Companies (NYSE: LOW) will host a 2022 Financial Outlook webcast on December 15, 2021, from 8:00 a.m. to 9:00 a.m. Eastern Time. Chairman and CEO Marvin R. Ellison and CFO David M. Denton will discuss the company's financial outlook and priorities. A virtual Q&A session will follow. Interested participants can access the webcast via Lowe's Investor Relations website. A replay will be available starting at 12:00 p.m. ET on the same day through December 14, 2022.

Lowe's announces a multi-year initiative to position itself as the leading retail destination for aging-in-place solutions with the launch of Lowe's Livable Home. This new program will offer expertise, services, and a variety of products designed for all abilities. Collaborating with AARP, Lowe's will produce educational content and train associates to assist customers in adapting their homes. With 77% of adults 50+ wanting to remain in their homes, this commitment aims to meet a growing demand for age-friendly solutions.

Lowe's Companies reported net earnings of $1.9 billion and diluted EPS of $2.73 for Q3 2021, a significant increase from $692 million and $0.91 in Q3 2020. Total sales rose to $22.9 billion, with comparable sales up 2.2%. The company plans to repurchase approximately $3 billion in shares in Q4, totaling $12 billion for the year. Lowe's raises its FY 2021 revenue outlook to about $95 billion, with an operating margin of 12.4%. The strong momentum is attributed to successful strategies and increased Pro and DIY sales.