Lowe's Companies, Inc. (LOW) - NYSE
  • Wed, May 18, 6:26 AM
    • Lowe's (NYSE:LOW) reports comparable-store sales rose 7.3% in Q1.
    • Comps for the U.S. home improvement business increased 7.5%.
    • Gross margin rate fell 43 bps to 35.04%.
    • SG&A expense rate improved 188 bps to 22.28%.
    • Merchandise inventory +4.2% to $11.06B.
    • Home improvement and hardware stores +17 Y/Y to 1,860.
    • FY2016 Guidance: Sales growth: ~+6%; Comparable-store sales: ~+4%; Operating margin: +80 bps to +90 bps; Tax rate: ~38.1%; Diluted EPS: ~$4.11; New stores: ~45.
    • LOW  +2.56% premarket.
    | Wed, May 18, 6:26 AM | 3 Comments
  • Wed, Feb. 24, 6:28 AM
    • Lowe's (NYSE:LOW) reports comparable-store sales rose 5.2% in Q4.
    • Comps for the U.S. home improvement business grew 5.5%.
    • Gross margin rate flat Y/Y at 34.7%.
    • SG&A expense rate increased 340 bps to 28.6%.
    • Merchandise inventory +6.1% to $9.46B.
    • Home improvement and hardware stores +17 Y/Y to 1,857.
    • FY2016 Guidance: Sales growth: ~+6%; Comparable-store sales: ~+4%; Operating margin: +80 bps to +90 bps; Tax rate: ~38.1%; Diluted EPS: ~$4; New stores: ~45.
    | Wed, Feb. 24, 6:28 AM | 1 Comment
  • Tue, Feb. 23, 9:42 AM
    • Home Depot (HD +2.7%) and Lowe's (LOW +0.3%) are both higher in early trading after warm weather across the U.S. in Q4 appears to have extended fall product buying from consumers past the normal time period.
    • Home Depot's 9% gain in Q4 comparable-store sales blasted past the consensus estimate for a 5% rise. That  mark bodes well for Lowe's which reports tomorrow.
    • A bigger trend is also in play. The home improvement chains are benefiting from a general willingness by consumers to spend on house projects and accessories over apparel. The department store sector (JCP, KSS, JWN, M, SHLD) in particular is being hard hit by the pronounced shift in consumer preferences as comparable-store sales growth continues to retreat despite some store weaning.
    • Previously: Home Depot beats by $0.07, beats on revenue (Feb. 23 2016)
    • Previously: Home Depot +2.6% post record Q4 results (Feb. 23 2016)
    | Tue, Feb. 23, 9:42 AM | 11 Comments
  • Thu, Feb. 11, 11:46 AM
    • There's some nervous trading on stocks associated with consumers spending money on their houses. Today's macroeconomic news and stock market decline are cutting into confidence over consumer spending patterns.
    • Pier 1 Imports (PIR -7.9%), Mattress Firm (MFRM -3.1%), Tile Shop (TTS -2.9%), Lumber Liquidators (LL -5.8%), Restoration Hardware (RH -3.6%), Bed Bath & Beyond (BBBY -2.5%), La-Z-Boy (LZB -3%), Kirkland's (KIRK -2.3%), and Williams-Sonoma (WSM -2.5%) are all lower than broad market averages.
    • Lowe's (LOW -1.5%) and Home Depot (HD -1.2%) are showing a milder loss.
    | Thu, Feb. 11, 11:46 AM | 23 Comments
  • Wed, Feb. 3, 12:48 PM
    • Lowe's (LOW -8.1%) is sharply lower after acquiring Canadian home improvement chain Rona. It appears likely that the misadventures of Sears and Target in the stretched-out nation are factoring in.
    • The company notes trends are improving at Rona and sees synergy building up over time.
    • BMO Capital Markets thinks the deal will win regulatory approval in Canada.
    • Previously: Lowe's acquires Rona (Feb. 03 2016)
    | Wed, Feb. 3, 12:48 PM | 5 Comments
  • Fri, Jan. 22, 10:36 AM
    • Investors are placing some bets on select winter storm stocks as the East Coast preps for a snow pummeling.
    • Home Depot (HD +3%) and Lowe's (LOW +1.9%) continue to pick up steam after solid sessions yesterday.
    • Briggs & Stratton (NYSE:BGG) is up 5.2% as investors bet on higher demand for generators and snowblowers. Peer Toro (NYSE:TTC) is 3.6% higher.
    • Arctic Cat (NASDAQ:ACAT) is up 13% since mid-Wednesday as snowmobiles enter the conversation again after a mild start to the winter in the U.S.
    • Winter apparel sellers Columbia Sportswear (NASDAQ:COLM) and Black Diamond (NASDAQ:BDE) are both up around 4%.
    | Fri, Jan. 22, 10:36 AM | 2 Comments
  • Nov. 18, 2015, 6:44 AM
    • Lowe's (NYSE:LOW) reports comparable-store sales rose 4.6% in Q3.
    • Comps for the U.S. home improvement business increased 5%.
    • Gross margin rate improved 26 bps to 34.75%.
    • SG&A expense rate down 91 bps to 22.89%.
    • Merchandise inventory +6.9% to $10.434B.
    • Home improvement and hardware stores +13 Y/Y to 1,849.
    • FY2015 Guidance: Sales growth: +4.5% to +5.0%; Comparable-store sales: +4.0% to +4.5%; Operating margin: +80 bps to +100 bps; Tax rate: ~38.1%; Diluted EPS: ~$3.29; New stores: 15 to 20.
    | Nov. 18, 2015, 6:44 AM | 1 Comment
  • Aug. 19, 2015, 6:45 AM
    • Lowe's (NYSE:LOW) reports comparable-store sales rose 4.3% in Q2.
    • Comps for the U.S. home improvement business grew 4.6%.
    • Gross margin rate fell 10 bps to 34.5%.
    • SG&A expense ratio declined 40 bps to 20.9%.
    • Merchandise inventory +4.2% to $9.7B.
    • Home improvement and hardware stores +9 Y/Y to 1,846.
    • FY2015 Guidance: Sales growth: +4.5% to +5.0%; Comparable-store sales: +4.0% to +4.5%; Operating margin: +80 bps to +100 bps; Tax rate: ~38.1%; Diluted EPS: ~$3.29; New stores: 15 to 20.
    | Aug. 19, 2015, 6:45 AM
  • Aug. 18, 2015, 10:10 AM
    | Aug. 18, 2015, 10:10 AM | 1 Comment
  • Jun. 30, 2015, 8:15 AM
    • Lowe's (NYSE:LOW) is lifted by BMO Capital to an Outperform rating from Market Perform.
    • The investment firm notes strength in the housing market across the Southeast sets up well for Lowe's due to its high concentration of stores in the region.
    • LOW +1.07% premarket to $68.25.
    | Jun. 30, 2015, 8:15 AM
  • Jun. 15, 2015, 9:00 AM
    • Wedbush upgrades Lowe's (NYSE:LOW) to an Outperform rating from Neutral.
    • The investment firm thinks on a valuation basis Lowe's looks more attractive than Home Depot.
    • Investments by Lowe's in its business and some market share pickup from the decline of Sears are tailwinds for the stock, notes Wedbush.
    • Interest rates would have to spike sharply to knock Wedbush off its bull view on the home improvement stock.
    • LOW +0.5% premarket. LOW +0.33% YTD vs. Home Depot +5.4%.
    | Jun. 15, 2015, 9:00 AM | 1 Comment
  • May 20, 2015, 9:14 AM
    | May 20, 2015, 9:14 AM | 3 Comments
  • May 20, 2015, 6:49 AM
    • Lowe's (NYSE:LOW) reports comparable-store sales rose 5.2%.
    • Comps for the U.S. home improvement business increased 5.3%.
    • Gross margin rate remained constant at 35.5%.
    • SG&A expense ratio decreased 60 bps to 24.16%.
    • Merchandise inventory +0.94% to $10.61B.
    • Home improvement and hardware stores +7 Y/Y to 1,843.
    • FY2015 Guidance: Sales growth: +4.5% to +5.0%; Comparable-store sales: +4.0% to +4.5%; Operating margin: +80 bps to +100 bps; Tax rate: ~38.1%; Diluted EPS: ~$3.29; New stores: 15 to 20.
    • LOW -7.0% premarket.
    • Q1 results
    | May 20, 2015, 6:49 AM
  • May 1, 2015, 9:30 AM
    • Xuhua Zhou, who raised the original red flag on Lumber Liquidators' floors back in 2013, says Lowe's (NYSE:LOW) floors are riddled with  the same formaldehyde issues that sent LL's stock into a tailspin after the infamous 60 Minutes segment on March 1.
    • Independent tests show that one of Lowe's floors scores 10x the allowed formaldehyde threshold. To put that in context, 60 Minutes tested 31 samples from Lumber Liquidators; Lowe's Chocolate Cherry Hickory would have been the third worst of all 31 samples. The results from Lowe's were 1.134 ppm. The CARB 2 threshold is 0.11 ppm.
    • 60 Minutes seems to have taken Global Community Monitor's testing of Home Depot (NYSE:HD) and Lowe's products at face value, and did no independent testing. Still, Zhou's research suggests that Home Depot's flooring is CARB 2 compliant.
    • Source: Lowe's Laminate Flooring May Have Issues Similar To Lumber Liquidators'
    • Note: LOW puts were 20x more active than usual yesterday
    • Got a news tip or analyst note you'd like to see us cover? Send it to tips@seekingalpha.com.
    | May 1, 2015, 9:30 AM | 42 Comments
  • Feb. 25, 2015, 6:45 AM
    • Lowe's (NYSE:LOW) reports comparable-store sales rose 7.3% in Q4.
    • Comps for U.S. business increased 7.4%.
    • Gross margin rate remained flat at 34.7%.
    • SG&A expense ratio -88 bps to 25.24%.
    • Merchandise inventory -2.37% to $8.911B.
    • Home improvement and hardware stores +8 Y/Y to 1,840.
    • FY2015 Guidance: Sales growth: +4.5% to +5.0%; Comparable-store sales: +4.0% to +4.5%; Operating margin: +80 bps to +100bps; Tax rate: ~38.1%; Diluted EPS: ~$3.29; New stores: 15 to 20.
    • LOW +2.48% premarket
    | Feb. 25, 2015, 6:45 AM
  • Feb. 24, 2015, 7:55 AM
    • Analysts are finding a lot to like from Home Depot's (NYSE:HD) Q4 report and 2015 guidance.
    • The home improvement retailer's sizzling 7.9% comp during the quarter flew past the consensus analyst mark of 5.4%.
    • The company also ended with a clean inventory position amid a solid pricing trend.
    • Traffic was up over 5% Y/Y in a sign that bodes well heading into the spring season.
    • Home Depot (HD) is up 3.77% premarket to $116.50, while Lowe's (NYSE:LOW) is showing a nice 1.99% gain off the solid report from its peer.
    • Previously: Home Depot beats by $0.11, beats on revenue
    • Previously: More on Home Depot's Q4
    | Feb. 24, 2015, 7:55 AM
Company Description
Lowe's Cos., Inc. is engaged in the retail sale of home improvement products. The company offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also offers home improvement products in the following categories: appliances, bathroom, building supply,... More
Sector: Services
Industry: Home Improvement Stores
Country: United States