Welcome to our dedicated page for Lowes Companies news (Ticker: LOW), a resource for investors and traders seeking the latest updates and insights on Lowes Companies stock.
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company in the home centers industry, serving approximately 16 million customer transactions a week and operating over 1,700 home improvement stores, 530 branches and 130 distribution centers. The Lowe’s news feed on Stock Titan aggregates company announcements, partnerships, financial updates and community initiatives drawn from official releases and regulatory disclosures.
Investors and followers of LOW can use this page to review news about earnings results, capital markets activity, acquisitions and strategic partnerships. Recent company communications include quarterly earnings releases that discuss sales performance, comparable sales trends, online sales growth, home services activity and Pro customer growth, as well as updates to full-year outlooks. Lowe’s also announces participation in investor conferences and schedules for earnings conference calls and webcasts, which are relevant for those tracking management commentary and guidance.
Beyond financial news, Lowe’s issues releases on marketing campaigns, brand collaborations and community projects. Examples include the “Earn Your Sunday” campaign with the National Football League, seasonal holiday promotions with loyalty program perks, and a partnership with Cinemark on a National Popcorn Day “Bring Your Own Bucket” event featuring the iconic blue Lowe’s 5-gallon bucket. The company also highlights community-focused efforts such as the Freedom Hill veterans and first responder community in Mooresville, developed with Building Homes for Heroes and the Town of Mooresville.
This news page provides a centralized view of these developments, helping readers understand how Lowe’s pursues its Total Home strategy, engages Pro and consumer customers, and supports communities. For ongoing research on LOW, users can return regularly to see newly posted press releases and related coverage as they become available.
The board of directors of Lowe's Companies (NYSE: LOW) has declared a quarterly cash dividend of $1.15 per share, a 5% increase from the previous dividend of $1.10. This payment is scheduled for August 7, 2024, for shareholders on record by July 24, 2024. Marvin R. Ellison, Lowe's chairman, president, and CEO, emphasized the company's commitment to growth and long-term shareholder value.
Lowe's has a long history of paying cash dividends each quarter since it went public in 1961, and this marks over 25 consecutive years of dividend increases.
Lowe's Companies (NYSE: LOW) reported first-quarter 2024 results with net earnings of $1.8 billion and diluted EPS of $3.06, down from $3.77 in Q1 2023. Excluding the 2022 sale of the Canadian retail business, adjusted diluted EPS was $3.67. Total sales declined to $21.4 billion from $22.3 billion in the prior year, with comparable sales down 4.1%. The company rolled out a new DIY loyalty program and expanded same-day delivery options. Lowe's repurchased 3.0 million shares for $743 million and paid $633 million in dividends. The company affirms its full-year 2024 outlook, projecting total sales of $84-$85 billion and a diluted EPS of $12.00-$12.30.
Lowe's Companies (NYSE: LOW) announced it will host its First Quarter 2024 Earnings Conference Call on May 21, 2024, at 9 a.m. EST. Investors can access the webcast and supplemental materials via the Quarterly Earnings section of Lowe's Investor Relations website. The webcast replay will be available from noon EST on May 21, 2024, through May 20, 2025.
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