Lowe's Companies, Inc.
News and overview for Lowe's Companies, Inc.
Lowe s Reports Third Quarter Sales and Earnings Results [Press Release]
Business Wire | 6 days 21 hours 15 minutes ago
Lowe’s Companies, Inc. (NYSE: LOW), the world’s second largest home improvement retailer, today reported net earnings of $344 million for the quarter ended October 30, 2009, a 29.5 percent decline from the same period a year ago. Diluted earnings per share declined 30.3 percent to $0.23 from $0.33 in the third quarter of 2008. For the nine months ended October 30, 2009, net earnings declined 22.4 percent to $1.58 billion while diluted earnings per share declined 22.5 percent to $1.07.
Lowe s Promotes Woods to Senior Vice President & Deputy General Counsel [Press Release]
Business Wire | 2 days 14 hours 19 minutes ago
Lowe’s Companies, Inc. (NYSE: LOW) announced today the promotion of Todd I. Woods to senior vice president, deputy general counsel and assistant secretary. Woods will continue to report to Gaither Keener, senior vice president, general counsel, secretary and chief compliance officer.
CORRECTING and REPLACING American Express OPEN and Lowe s Announce Agreement to Offer Small Business Cobrand Rewards Card [Press Release]
Business Wire | 6 days 11 hours 52 minutes ago
The second graph second sentence should read: Lowe’s has been a card-accepting merchant of American Express since 1982 (sted Lowe’s has been a card-accepting merchant of American Express since 1999).
Lowe s Companies, Inc. Declares Cash Dividend [Press Release]
Business Wire | 6 days 11 hours 45 minutes ago
The Board of Directors for Lowe's Companies, Inc. (NYSE:LOW) has declared a quarterly cash dividend of nine cents ($0.09) per share, payable February 3, 2010, to shareholders of record as of January 20, 2010.
stocks in focus for Monday - MarketWatch
MarketWatch | 9 days 3 hours 56 minutes ago
Assured Guaranty /quotes/comstock/13*!ago/quotes/nls/ago (AGO 21.66, +3.56, +19.67%) is projected to post earnings of 36 cents a share in the third quarter.
Lowe's Companies, Inc. Invites You to Join Its Third Quarter 2009 Earnings Conference Call Webcast [Press Release]
Business Wire | 13 days 19 hours 15 minutes ago
In conjunction with Lowe's Companies, Inc. (NYSE:LOW) third quarter 2009 earnings press release, you are invited to listen to its conference call that will be broadcast live over the internet on Monday, November 16, 2009 at 9:00 a.m. Eastern Standard Time with: Robert A. Niblock, chairman and chief executive officer; Larry D. Stone, president and chief operating officer; and Robert F. Hull, Jr., executive vice president and chief financial officer of Lowe's Companies, Inc.
Home Depot results may signal some improvement - MarketWatch
MarketWatch | 6 days 14 hours 7 minutes ago
Lowe's said Monday its profit plunged 30% but that it has seen improvement in some of its worst hit markets including California, Florida and areas of the Southwest. See full story on Lowe's results.
Fitch: Increased Stability Expected in 2010 for U.S. Retail due to Improved Cash Flow & Liquidity [Press Release]
Business Wire | 4 days 19 hours 58 minutes ago
Fitch Ratings expects increased stability in ratings for U.S. retailers and a long-term stable outlook for the sector in 2010. Some Negative Rating Outlooks may migrate to Stable if sales trends stabilize, margins improve on better inventory positions and cash flow generation and liquidity remain adequate. A few Negative Outlooks have been revised to Stable in recent months with 10 companies or 37% of U.S. retailers under coverage having Negative Rating Outlooks compared to 12 companies or 44...
Retail stocks rise on October-sales upside - MarketWatch
MarketWatch | 6 days 17 hours 43 minutes ago
The S&P Retail Index /quotes/comstock/10u!rlx.x (RLX 409.59, +4.18, +1.03%) climbed 1.4% to 411.01.
Stocks in focus for Monday - MarketWatch
MarketWatch | 7 days 13 hours 27 minutes ago
Retailers including Home Depot and Target will report results and key economic data will include retail sales and industrial output. Meanwhile, nine speakers from the Federal Reserve will offer their views on the economy. Stacey Delo reports. (Nov. 13)
Housing-market slump dents Lowe's profit - MarketWatch
MarketWatch | 6 days 19 hours 42 minutes ago
Net income dropped to $344 million, or 23 cents a share, from $488 million, or 33 cents a share, in the year-earlier period. Sales fell 3% to $11.4 billion, and comparable-store sales declined 7.5%.
Fitch Solutions: Widening CDS Spreads, Rising Liquidity Point to Uncertainty for Dell [Press Release]
Business Wire | 5 days 15 hours 30 minutes ago
Rising liquidity and widening CDS spreads are indicating uncertainty for one of the United States' largest chipmakers, according to Fitch Solutions in its latest update on Global CDS Spreads/Liquidity Scores for companies scheduled to come out with earnings announcements in the coming week.
Home Depot profit drops 9% - MarketWatch
MarketWatch | 5 days 21 hours 18 minutes ago
Sales declined 8% to $16.36 billion from $17.78 billion.
Lowe's profit drops to $344 million - MarketWatch
MarketWatch | 6 days 20 hours 54 minutes ago
LOW
Monday's biggest gaining and declining stocks Movers & Shakers - MarketWatch
MarketWatch | 6 days 20 hours 26 minutes ago
The latest international trade numbers border on blasphemy: Why is the U.S. trade gap widening at the same time that the dollar's plumbing year-plus lows?
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Company Overview
| Company: | Lowe's Companies, Inc. |
|---|---|
| Industry: | Home Improvement & Hardware Retail |
| Website: | http://www.lowes.com |
No longer a low-profile company, Lowe's Companies has evolved from a regional hardware store operator into a nationwide chain of home improvement superstores bent on international expansion. The #2 US home improvement chain (after The Home Depot), Lowe's has about 1,640 superstores in 50 states and about a dozen outlets in Canada. The company's stores sell about 40,000 products for do-it-yourselfers and professionals for home improvement and repair projects, such as gardening products, home fashion items, lumber, millwork, plumbing and electrical supplies, and tools, as well as appliances and furniture. Lowe's is the second-largest US home appliance retailer after Sears.
Key Numbers
| Sales in U.S. Dollars (mil.) | 48,230 (2009) |
|---|---|
| One-year % Growth in Sales | -0.1 (2009) |
| Net Income in U.S. Dollars (mil.) | 2,195 (2009) |
| One-year % Growth in Net Income | -21.9 (2009) |
| Number of Employees | 229,000 (2009) |
| One-year % Growth in Number of Employees | 6.0 (2009) |
| Fiscal Year-End | January |