$LOW (Lowe's Companies, Inc.)

$LOW {{ '2016-05-18T14:07:09+0000' | timeago}} • Webcast

Eric Bosshard from Cleveland Research asks about how the company is balancing promotions and sales relative to GM going forward. $LOW said the company has tools to evaluate the effectiveness of promotions. The company does expect some modest GM improvement annually, or a flattish GM over long period of time.

$LOW {{ '2017-09-13T13:32:45+0000' | timeago}} • Announcement

$LOW appoints Michael West as the company's SVP of Supply Chain Field Operations, effective Sept. 25. Previously, West served as SVP, Supply Chain at Neiman Marcus.

$LOW {{ '2017-08-29T19:08:06+0000' | timeago}} • Webcast

$LOW continues to make progress with its RONA integration, including the conversion of first RONA big box store to a Lowe’s branded store. The company said it continues to unlock the full value of the acquisition, which will culminate in over $1Bil of realized revenue and cost opportunities.

$LOW {{ '2017-08-28T14:52:34+0000' | timeago}} • Announcement

$LOW forecasts FY17 sales growth of approx. 5% with an addition of 25 home improvement and hardware stores. Currently, the company operates 2,141 home improvement and hardware stores in the US, Canada and Mexico. Additionally, the company returned $1.55Bil of cash back to investors through $1.25Bil of stock buybacks and $299MM of dividend payments.

$LOW {{ '2017-08-28T14:46:22+0000' | timeago}} • Announcement

$LOW's comparable-store sales improved 4.5% for 2Q17, a solid acceleration over the prior quarter's 2%. However, this growth only implies that $LOW lost more market share to its rival $HD, which grew comps by over 6% in its recent quarter. $LOW now sees its full-year comps to grow 3.5%, whereas $HD sees a 5.5% growth.

$LOW {{ '2017-08-28T14:42:13+0000' | timeago}} • Announcement

$LOW posted a 21.6% YoY growth in earnings to $1.4Bil, or $1.68 per share, for 2Q17, as the company saw a one-time gain from its interest in the Australian JV. Excluding that factor, the company's earnings rose 15%. Revenue for the home improvement retailer stood at $19.5Bil, an increase of 7% YoY

$LOW {{ '2017-08-23T12:39:04+0000' | timeago}} • Infographic

$LOW Lowe's Companies Earnings AlphaGraphic: Q2 2017 highlights

$LOW {{ '2017-08-18T21:04:32+0000' | timeago}} • Announcement

$LOW declared a quarterly cash dividend of $0.41 per share, payable November 8, 2017, to shareholders of record as of October 25, 2017.

$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.

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