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Lowe's Canada Announces The Closure Of 34 Underperforming Stores
Lowe's Reports Q3 Adj. Earnings Per Share Of $1.41
Lowe's Companies Sets Quarterly Cash Dividend Of $0.55 per Share
Lowe's Companies, Inc. (Lowe's) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens. The Company also supports the communities that focus on K-12 public education and community improvement projects. The Company serves its customers in the United States, Canada and Mexico.
Retail (Home Improvement)
1000 Lowes Blvd
Richard W. Dreiling
Independent Chairman of the Board
Marvin R. Ellison
President, Chief Executive Officer, Director
David M. Denton
Chief Financial Officer, Executive Vice President, Principal Accounting Officer
Jennifer L. Weber
Chief Human Resource Officer, Executive Vice President
Executive Vice President, Chief Information Officer
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Lowe's Cos Inc <LOW.N> raised its annual profit forecast on Wednesday, helping ease concerns over the health of the U.S. consumer after larger rival Home Depot Inc <HD.N> cut its full-year sales estimates ahead of the all-important holiday season.
Lowe's Cos Inc missed quarterly same-store sales estimates on Wednesday, as the home improvement chain faced intense competition from Home Depot Inc.
Wall Street's main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in U.S. consumer demand, and held gains after minutes from last month's Federal Reserve meeting showed policymakers had debated a more aggressive interest rate cut.
* Indexes up: Dow 0.96%, S&P 0.89%, Nasdaq 1.04% (Updates to open)
U.S. stocks opened higher on Wednesday, as strong results from Lowe's and Target boosted retailers, while investors awaited minutes from the Federal Reserve's July policy meeting due later in the day.
Australia's central bank was "strongly committed" to returning inflation to the target range, Governor Philip Lowe said on Thursday as the country's government considers a review of the monetary policy framework.
Lowe's Cos Inc cut its full-year profit forecast after reporting disappointing first-quarter earnings, as the home improvement chain failed to raise prices in time to make up for higher costs, sending its shares down 9%.
U.S. stocks opened lower on Wednesday, as reports that Washington could impose sanctions on another Chinese company raised fears of an escalation in trade tensions, with the S&P 500 also dragged down by losses in chipmaker Qualcomm and home improvement chain Lowe's.
Home improvement chain Lowe's Cos Inc cut its full-year profit forecast on Wednesday, as higher costs dented margins in the first quarter.
Australia's central bank will consider cutting interest rates next month, Governor Philip Lowe said on Tuesday as the resource-rich economy looked set to join some of its global counterparts in easing financial conditions to boost growth.
U.S. home improvement chain Lowe's beat Wall Street earnings forecasts on Wednesday, and predicted that more Americans would renovate their houses this year rather than buy a home in a market where prices are rising.
U.S. home improvement chain Lowe's Companies Inc missed Wall Street forecasts for same-store sales on Wednesday, citing poor performance in Canada.
U.S. home improvement chain Lowe's Cos Inc <LOW.N> on Wednesday approved a $10 billion share repurchase program and reiterated its full-year forecast for sales growth that was roughly in line with Wall Street expectation.
U.S. home improvement chain Lowe's Cos Inc on Wednesday forecast comparable store sales for fiscal year 2019 that fell short of Wall Street expectations.
Lowe's Cos Inc said on Tuesday it was looking to shed its retail operations in Mexico and two of its smaller U.S. businesses as the country's second-biggest home improvement chain strives to compete with rivals including Home Depot.
Lowe's Companies Inc said on Tuesday it was shedding some of its non-core businesses including its Mexican operations as part of restructuring, while also posting a smaller-than-expected rise in quarterly same-store sales.
Home improvement chain Lowe's Companies Inc <LOW.N> announced the closure of another 51 underperforming stores in the United States and Canada on Monday as it strives to compete with rival Home Depot Inc <HD.N> in a slowing housing market.
Lowe's Cos Inc <LOW.N> on Wednesday promised to cut back slow-moving products and unsuccessful business projects as new Chief Executive Marvin Ellison seeks to turn around a company that has trailed bigger rival Home Depot <HD.N> for years.
Lowe's Cos Inc missed estimates for quarterly same-store sales on Wednesday as the home improvement retailer bore the brunt of a slowdown in the U.S. housing market, sending its shares down 4 percent.
Home improvement chain Lowe's Cos Inc said on Monday it would eliminate several key positions including chief operating officer.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.