$LOW (Lowe's Companies, Inc.)

$LOW {{ '2016-08-17T13:44:23+0000' | timeago}} • Webcast

$LOW said cash and cash equivalents at the end of 2Q16 were $2Bil. Inventory at $10.6Bil increased $900MM or 9.3% versus 2Q15 and approx. 85% of the increase relates to the addition of RONA. Inventory turnover was 3.89 times, flat to last year. Asset turnover increased 4 BPs to 1.78.

$LOW {{ '2017-06-26T11:46:52+0000' | timeago}} • Announcement

$LOW completed the $512MM acquisition of Maintenance Supply Headquarters, a distributor of maintenance, repair and operations (MRO) products serving the multifamily housing industry. With this acquisition, $LOW multifamily MRO business now includes 16 distribution centers across the nation generating more than $400MM in incremental annual sales.

$LOW {{ '2017-06-02T15:57:11+0000' | timeago}} • Announcement

$LOW's BoD declared a 17% increase in its quarterly cash dividend to 41 cents per share, payable on Aug. 9, 2017 to shareholders of record as of July 26, 2017. In addition, $LOW's shareholders re-elected director nominees to serve until the 2018 Annual Meeting, and ratified Deloitte & Touche LLP as its independent public accountant for FY17.

$LOW {{ '2017-06-02T15:54:36+0000' | timeago}} • Announcement

$LOW's CEO Robert Niblock informed shareholders that strategic investments focused on long-term growth and a commitment to improving the customer experience enabled the company to deliver strong financial performance in 2016.

$LOW {{ '2017-05-24T14:07:50+0000' | timeago}} • Webcast

$LOW has been investing heavily in its Pro category. The company has seen significant growth in Pro customers, more than 2x the overall comp. $LOW is pleased with the performance and remains optimistic about the opportunities ahead.

$LOW {{ '2017-05-24T14:01:37+0000' | timeago}} • Webcast

$LOW is looking at a geography shift and with the gross margin pressure experienced in 1Q17, the company believes it will face some pressure in 2017 in the range of about 20BP. $LOW expects to offset this on the SG&A lines and to get some traction through its productivity efforts.

$LOW {{ '2017-05-24T13:32:02+0000' | timeago}} • Webcast

During 1Q17, $LOW delivered double digit comps in Mexico while comps in Canada were flat in local currency. The company believes the home improvement industry in the US should continue to see solid gains in 2017. Job and income growth could drive solid gains in disposable income and consumer spending.

$LOW {{ '2017-05-24T13:24:18+0000' | timeago}} • Webcast

In 1Q17, $LOW saw a 3.5% increase in average ticket and a 1.5% decline in transactions stemming from weaker outdoor performance. The company posted positive comps in 8 of 11 product categories while one category was flat. $LOW drove 27% comp growth on lowes.com.

$LOW {{ '2017-05-24T12:19:43+0000' | timeago}} • Infographic

$LOW Lowe's Companies Earnings AlphaGraphic: Q1 2017 Highlights

$LOW {{ '2017-05-24T11:08:14+0000' | timeago}} • Announcement

$LOW sees total sales growing 5% and comparable sales improving 3.5% in FY17, generating a diluted EPS of about $4.30 on an effective tax rate of 37.8%. The appliance retailer expects to add approximately 35 home improvement and hardware stores in the year.

$LOW {{ '2017-05-24T11:04:23+0000' | timeago}} • Announcement

Even with sales in 1Q17 jumping 10.7% to $16.9Bil for $LOW, the home appliance chain posted a dip in net earnings of $602MM or $0.70 per diluted share from last year's $884MM or $0.98 a share. Comparable sales rose 1.9%, while that for the U.S. business increased 2.0% in the quarter.

$JCP {{ '2017-05-23T14:03:04+0000' | timeago}} • Announcement

$JCP appointed Marci Grebstein as EVP, chief marketing officer. Grebstein will join the company in June. Grebstein will report to Chairman and CEO Marvin Ellison. Grebstein most recently served as chief marketing officer for $LOW's Home Improvement.

$LOW {{ '2017-05-18T12:53:09+0000' | timeago}} • Announcement

$LOW agreed to buy Maintenance Supply Headquarters, a distributor of maintenance, repair and operations (MRO) products to the multifamily housing industry, for a total transaction value of $512MM. The acquisition is expected to be completed in $LOW's 2Q17 and is expected to be accretive to $LOW's earnings in FY17.

$LOW {{ '2017-05-03T14:21:49+0000' | timeago}} • Announcement

$LOW announced the early results of its previously announced cash tender offer for up to $1.6Bil combined of its outstanding notes. As previously announced, the purpose of the Tender Offer is to reduce the outstanding debt represented by the Notes purchased in the Tender Offer and reduce the company's future interest expense.

$LOW {{ '2017-04-19T13:26:12+0000' | timeago}} • Announcement

$LOW began cash tender offer for up to $1.6Bil combined of its outstanding 7.110% Notes due 2037, 6.650% Notes due 2037, 5.800% Notes due 2036, 5.500% Notes due 2035, 5.800% Notes due 2040, 5.125% Notes due 2041, 5.000% Notes due 2043, 6.875% Notes due 2028, 6.500% Notes due 2029, and 4.625% Notes due 2020. The tender offer will expire on May 16.

$LOW {{ '2017-03-27T12:48:45+0000' | timeago}} • Announcement

$LOW's BoD declared a quarterly cash dividend of $0.35 per share. The dividend is payable on May 10, 2017 to shareholders of record on April 26, 2017.

$LOW {{ '2017-03-01T15:31:57+0000' | timeago}} • Webcast

In terms of commodity inflation in 4Q16, $LOW said it had modest deflation of about 25 basis points driven by roofing installation. The company said there will be less than 20 basis points of inflation contemplated for 2017.

$LOW {{ '2017-03-01T14:44:47+0000' | timeago}} • Webcast

In 4Q16, $LOW's total customer transactions grew 15.1% YoY and total average ticket increased 3.6% YoY. The company said the transaction growth was aided by an extra week in the period, as well as the acquisition of RONA.

$LOW {{ '2017-03-01T13:18:39+0000' | timeago}} • Infographic

$LOW Lowe's Companies Earnings AlphaGraphics: Q4 2016 Highlights

$LOW {{ '2017-03-01T11:55:13+0000' | timeago}} • Announcement

$LOW expects FY17 total sales to increase about 5%, comparable sales to rise about 3.5% and EPS of about $4.64. The company expects to add about 35 home improvement and hardware stores. $LOW sees earnings before interest and taxes as a percentage of sales to increase about 120 basis points and effective income tax rate of about 37.8%.

$LOW {{ '2017-03-01T11:52:37+0000' | timeago}} • Announcement

$LOW reported a jump in 4Q16 earnings driven by higher sales. Net income rose to $663MM or $0.74 per share from $11MM or $0.01 per share last year. Net sales grew to $15.78Bil from $13.24Bil. Adjusted EPS climbed 45.8% to $0.86. Comparable sales increased 5.1%.

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