Lowe's Companies Inc. - LOW STOCK NEWS

Lowe's Companies, Inc. (NYSE: LOW) will hold its fourth quarter 2020 earnings conference call on February 24, 2021, at 9:00 a.m. ET. The webcast can be accessed via the Lowe's Investor Relations website, with supplemental materials available 15 minutes before the call. A replay of the call will be available from 12:00 p.m. ET on February 24 until May 18, 2021. Lowe's serves approximately 18 million customers weekly across the U.S. and Canada, with fiscal year 2019 sales reaching $72.1 billion.

Lowe's is hosting a unique Valentine's Day event, giving 50 couples the chance to participate in an intimate splash-painting date night at select stores. Scheduled for February 14 from 8-10 p.m., the event will take place in ten romantic cities, including Chicago and San Francisco. Couples will enjoy a toast, light bites, and choose from a curated paint color menu before creating a collaborative artwork to take home. Interested participants can enter via Lowes.com/valentines until February 7.

Lowe's Companies (NYSE: LOW) announced an additional $80 million in bonuses for front-line associates and plans to hire over 50,000 workers in U.S. stores this spring. The new bonuses increase Lowe's total commitment to associates and community support during the pandemic to nearly $1.3 billion. Active hourly associates will receive bonuses on Feb. 5, with full-time staff getting $300 and part-time $150. The initiative builds on hiring efforts that included over 90,000 associates in the past year to enhance service during peak times.

Lowe's Companies (NYSE: LOW) hosted a virtual Investor Update on December 9, 2020, unveiling its Total Home strategy aimed at enhancing market share. CEO Marvin R. Ellison emphasized a comprehensive approach to home solutions for DIY and Pro customers, focusing on customer engagement and an expanded online presence. CFO David M. Denton outlined plans for improved operating efficiency and a commitment to shareholder value through a $15 billion stock repurchase program. Lowe's forecasts a 22% sales increase for FY 2020, with expected diluted EPS between $7.53 and $7.63.

Lowe's (NYSE: LOW) has announced a donation of $1 million worth of pre-lit Christmas trees to families and organizations affected by the COVID-19 pandemic. In partnership with the NFL and various nonprofits, the initiative aims to deliver over 13,000 trees to those in need across the U.S. over the next two weeks. Notable NFL players, including Dak Prescott, will help distribute the trees. This effort aligns with Lowe's commitment to supporting communities during the holiday season, particularly in light of traditional celebrations being disrupted by the pandemic.

Lowe's Companies, Inc. (NYSE: LOW) will host a virtual investor update on December 9, 2020, from 8:00 a.m. to 10:00 a.m. Eastern Time. CEO Marvin R. Ellison and CFO David M. Denton will discuss the company's strategic growth, productivity initiatives, and provide an update on financial targets. A Q&A session will follow the presentation. Lowe's serves approximately 18 million customers weekly and reported $72.1 billion in sales for fiscal year 2019, operating over 2,200 stores with around 300,000 employees.

Lowe's Companies, Inc. (NYSE: LOW) reported net earnings of $692 million and diluted EPS of $0.91 for Q3 2020, impacted by a $1.1 billion loss on debt extinguishment. Adjusted diluted EPS rose 40% to $1.98, with sales increasing to $22.3 billion from $17.4 billion a year prior, and comparable sales up 30.1%. The company made significant investments, including $245 million for COVID-related support, and reinstated its share repurchase program, repurchasing 3.6 million shares for $621 million. For Q4 2020, Lowe's forecasts 15-20% sales growth and adjusted EPS guidance of $1.10 to $1.20.

Lowe's Companies, Inc. has declared a quarterly cash dividend of $0.60 per share, payable on February 3, 2021. Shareholders of record as of January 20, 2021 will receive this dividend. In 2019, Lowe's reported fiscal year sales of $72.1 billion and serves approximately 18 million customers weekly across over 2,200 stores in the U.S. and Canada. The company is committed to supporting communities through affordable housing initiatives and developing skilled trade programs.

Lowe's Companies, Inc. (NYSE: LOW) invites stakeholders to its Third Quarter 2020 Earnings Conference Call on November 18, 2020, at 9:00 a.m. ET. This call follows the release of their quarterly earnings report. Participants can access the call via the Lowe's Investor Relations website, with supplemental materials available 15 minutes prior. A replay will be available post-call through February 23, 2021. The company serves approximately 18 million customers weekly and reported $72.1 billion in sales for fiscal year 2019.