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Lowe's Companies Inc. - LOW STOCK NEWS

Welcome to our dedicated page for Lowe's Companies news (Ticker: LOW), a resource for investors and traders seeking the latest updates and insights on Lowe's Companies stock.

Lowe's Companies, Inc. (NYSE: LOW) is a leading American retail company specializing in home improvement, headquartered in Mooresville, North Carolina. With over 1,700 stores across the United States, Lowe's stands as the second-largest home improvement retailer globally. The company caters to both retail do-it-yourself (DIY) enthusiasts and professional contractors, offering a wide range of products for home decorating, maintenance, repair, and remodeling.

In 2023, Lowe's divested its Canadian locations, focusing its operations exclusively within the United States. Approximately 75% of Lowe's sales come from DIY customers, while the remaining 25% is attributed to commercial and professional business clients. Recent financial reports indicate that Lowe's generated $21.4 billion in sales for the first quarter of 2024, reflecting a slight decline compared to the previous year, largely due to decreased DIY discretionary spending.

Lowe's continues to innovate and expand its offerings. The company recently launched MyLowe's Rewards, a loyalty program that provides exclusive perks and savings for DIY customers. Additionally, Lowe's is pioneering the use of advanced technologies such as the Apple Vision Pro, with the Lowe's Style Studio, an immersive 3D kitchen design tool that allows customers to visualize their dream kitchens using spatial computing.

The Lowe's Foundation is a significant part of the company's community engagement strategy. It has committed $50 million over five years to prepare 50,000 individuals for skilled trade careers through grants and training programs. Recent initiatives include the awarding of $3 million in Gable Grants to national nonprofits for innovative skilled trades training.

Lowe's also maintains a strong focus on shareholder value through disciplined capital allocation. In the most recent quarter, the company repurchased approximately 3 million shares and paid dividends totaling $633 million. Despite current economic uncertainties, Lowe's remains committed to executing its Total Home strategy, aiming to provide comprehensive solutions for all customer home improvement needs.

For more information on Lowe's latest updates and programs, visit their website at Lowes.com.

News

LOWE'S UNVEILS LOWE'S STYLE STUDIO FOR APPLE VISION PRO

Rhea-AI Summary
Lowe's is launching Lowe's Style Studio, a groundbreaking experience for the home improvement industry designed exclusively for Apple Vision Pro. This new spatial computing tool allows customers to visualize and design their dream kitchen from the comfort of their own homes, offering nearly 80 billion possible combinations for a unique design.
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LOWE'S INVITES COMMUNITIES TO NOMINATE PROJECTS FOR LOWE'S HOMETOWNS GRANT PROGRAM

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Lowe's announces a five-year, $100 million impact program to revitalize community spaces, including food pantries, veteran support programs, first responder facilities, affordable housing services, and community gardens. The program aims to complete nearly 1,800 projects to improve communities, with 100 signature grant projects selected through nominations and 1,700 projects selected by Lowe's associates. The company's chairman and CEO, Marvin Ellison, emphasized their responsibility to be part of the solution to critical community issues and highlighted the meaningful impact of the program. In 2023, Lowe's partnered with music icon Lionel Richie to create 'Hello Park,' an initiative to build vibrant community spaces. Additionally, Lowe's associates have worked on various community projects, including a community hub for veterans transitioning out of homelessness, a renovated volunteer fire station, and a playground for deaf and hard of hearing children.
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Lowe's and STAINMASTER Unveil 2024 Color of the Year

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STAINMASTER™ Paint, available exclusively at Lowe's, introduces its 2024 Color of the Year—English Green, a nature-inspired tone designed to bring calm and elegance to any space. The brand's inaugural venture into this category, English Green is a rich hue that effortlessly bridges the gap between bold and versatile, evoking growth and renewal. STAINMASTER paint offers excellent scrub resistance, mold and mildew protection, and a lifetime stain-resistant limited warranty, making clean-up easy. The brand also provides three paint finishes – matte, satin, and semi-gloss sheens – and can color-match any desired shade.
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LOWE'S NAMES MARGI VAGELL EXECUTIVE VICE PRESIDENT, SUPPLY CHAIN

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Lowe's Companies, Inc. (NYSE: LOW) has appointed Margi Vagell as executive vice president, supply chain, effective March 1, 2024, succeeding Don Frieson. Vagell brings 20 years of experience to the role and has held senior leadership positions at Lowe's since 2009. She is set to enhance strategic acumen and inventory management expertise to the supply chain function. Don Frieson, who has served as executive vice president, supply chain since 2018, will retire on April 1, 2024. He has significantly contributed to the transformation of Lowe's supply chain and has been integral to the company's leadership team. His retirement leaves the supply chain organization well-positioned for continued growth and success.
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Lowe's Launches MyLowe's Rewards Loyalty Program Aimed at Helping DIYers Get More Value When They Choose Lowe's for Their Home Improvement Needs

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Lowe's Companies, Inc. (LOW) introduces MyLowe's Rewards, a first-of-its-kind loyalty program designed for DIY customers, offering 5% off every day for MyLowe's Rewards Credit Card holders, exclusive perks, and points earned towards MyLowe's Money, free gifts, and more.
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Lowe's and Hornets Announce Partnership Extension, Renovate Amphitheater at Grier Heights Park

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Lowe's Companies, Inc. (LOW) expands partnership with the Charlotte Hornets, welcoming Hornets legend Muggsy Bogues to the Lowe's Home Team. The multi-year agreement prioritizes community engagement and includes the Hornets Legacy Project Powered by Lowe's. Lowe's will continue to have a significant brand presence within Spectrum Center and serve as the presenting partner of the Charlotte Hornets Foundation's annual Hornets Heroes Gala.
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LOWE'S TO PARTICIPATE AT THE MORGAN STANLEY GLOBAL CONSUMER & RETAIL CONFERENCE

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Lowe's Companies, Inc. (LOW) chairman and CEO, Marvin R. Ellison, will participate in a fireside chat at the Morgan Stanley Global Consumer & Retail Conference on December 5, 2023. The audio webcast will be available at ir.lowes.com under 'Events & Presentations'.
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LOWE'S REPORTS THIRD QUARTER 2023 SALES AND EARNINGS RESULTS

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Lowe's Companies, Inc. (LOW) reported net earnings of $1.8 billion and diluted EPS of $3.06 for the quarter ended Nov. 3, 2023. Total sales for the quarter were $20.5 billion, with comparable sales decreasing by 7.4%. The company experienced a decline in DIY discretionary spending, offset by positive Pro customer comp sales. Lowe's opened one store and three Lowe's Outlet stores during the quarter, and as of Nov. 3, 2023, operated 1,746 stores. The company repurchased approximately 7.3 million shares for $1.6 billion and paid $642 million in dividends. The company updated its full year 2023 outlook, with total sales expected to be approximately $86 billion and adjusted diluted EPS of approximately $13.00.
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LOWE'S ANNOUNCES 2023 VENDOR PARTNERS OF THE YEAR

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LOW - Lowe's Companies, Inc. named Hixson Lumber, GE Appliances, and PrimeSource as the 2023 Vendor Partners of the Year. Trex received the Sustainability Award for its eco-friendly decking materials. The press release highlights the commitment of the suppliers to delivering quality products, innovation, value, and service to Lowe's customers.
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Lowe's Companies, Inc. to Host Third Quarter 2023 Earnings Conference Call on Nov. 21

Rhea-AI Summary
Lowe's Companies, Inc. (NYSE: LOW) will hold its Third Quarter 2023 Earnings Conference Call at 9 a.m. Eastern time on Tuesday, Nov. 21. The webcast will be available on the Lowe's Investor Relations website, ir.lowes.com. A webcast replay will also be accessible from noon EST on Nov. 21, 2023, through Nov. 20, 2024.
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FAQ

What is the current stock price of Lowe's Companies (LOW)?

The current stock price of Lowe's Companies (LOW) is $269.4 as of November 15, 2024.

What is the market cap of Lowe's Companies (LOW)?

The market cap of Lowe's Companies (LOW) is approximately 153.9B.

What is Lowe's Companies, Inc.'s core business?

Lowe's specializes in home improvement, offering products for home decorating, maintenance, repair, and remodeling.

Where is Lowe's headquartered?

Lowe's is headquartered in Mooresville, North Carolina.

How many stores does Lowe's operate?

Lowe's operates over 1,700 stores across the United States.

What is the Lowe's Foundation?

The Lowe's Foundation is an independent organization committed to preparing individuals for skilled trade careers through grants and training programs.

What recent technological innovations has Lowe's introduced?

Lowe's introduced the Lowe's Style Studio, an immersive 3D kitchen design tool powered by Apple Vision Pro, and launched MyLowe's Rewards, a loyalty program for DIY customers.

What percentage of Lowe's sales comes from DIY customers?

Approximately 75% of Lowe's sales come from retail DIY customers.

How much did Lowe's repurchase in shares recently?

Lowe's repurchased approximately 3 million shares in the most recent quarter.

What is Lowe's Total Home strategy?

Lowe's Total Home strategy aims to provide comprehensive home improvement solutions for all customer needs, including DIY and professional services.

How can customers benefit from MyLowe's Rewards?

MyLowe's Rewards offers exclusive perks, savings, and rewards for DIY customers who shop with the program's credit card.

How does Lowe's support the communities it serves?

Lowe's supports communities through safe, affordable housing programs and initiatives to develop the next generation of skilled trade experts.

Stock LOW logo
Lowe's Companies Inc.

NYSE:LOW

LOW Rankings

#77 Ranked by Market Cap
#1498 Ranked by Dividends

LOW Stock Data

153.88B
572.19M
0.1%
77.28%
1.19%
Home Improvement Retail
Retail-lumber & Other Building Materials Dealers
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United States of America
MOORESVILLE