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Lowe's Companies, Inc.

5/25/2013, 9:56 AM ET

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Wednesday, May 22, 9:55 AM Shares of Lowe's (LOW +2.4%) move higher despite a somewhat sluggish Q1 report in light of Home Depot's stellar quarter. Investors seem to be betting that the late quarter strength and positive May momentum referenced by CEO Robert Niblock during the firm's earnings call sets up nicely for Q2. (webcast) Comment! [Consumer, On the Move]
Wednesday, May 22, 6:25 AM More on Lowe's (LOW): Unlike competitor Home Depot (HD), the company misses on the top and bottom line as sales fall 0.5% Y/Y and comps decrease 0.7%. Exterior categories were impacted by cool temperatures and "greater precipitation" which "delayed [the] spring selling season." March's performance was "particularly soft." FY13 outlook: sales growth of ~4%, comps growth of ~3.5%, EPS of $2.05 against consensus of $2.08. Shares -4% premarket. (PR) 6 Comments [Consumer, Earnings]
Wednesday, May 22, 6:01 AM Lowe's (LOW): Q1 EPS of $0.49 misses by $0.02. Revenue of $13.1B (-0.5% Y/Y) misses by $0.35B. (PR) 3 Comments [Earnings, Breaking News]
Wednesday, May 22, 12:05 AM Notable earnings before Wednesday’s open: AEO, BAH, DSX, ELOS, EV, LOW, SPLS, TGT, TOL, ZLC Comment! [Earnings]
Tuesday, May 21, 5:30 PM Notable earnings before Wednesday’s open: AEO, BAH, DSX, ELOS, EV, LOW, SPLS, TGT, TOL, ZLC Comment! [Earnings]
Monday, May 20, 3:24 PM Home Depot vs. Lowe's: The home improvement giants are in focus this week with both companies set to report earnings after a quarter which saw more snowfall than normal and a late start to the spring home and garden buying season. Though analysts expect superstorm Sandy boosted sales, the late tax refund syndrome which hit Wal-Mart could also be a factor. Tiburon Research Group is picking a favorite of the pair, forecasting the revenue and EPS growth at Home Depot (HD -0.1%) will outpace Lowe's (LOW -0.5%) for Q1, Q2, and Q3. (earnings model) Comment! [Consumer]
Monday, May 20, 9:08 AM Oppenheimer takes a more cautious view of Lowe's (LOW) in front of its Q1 earnings report with a downgrade to Perform and a $46 price target. LOW -0.5% premarket to $42.45. (earnings preview) Comment! [Consumer]
Monday, May 20, 6:43 AM The impact of rebuilding on the East Coast after superstorm Sandy could help lift the results of Home Depot (HD) and Lowe's (LOW) for their FQ1 reporting periods, according to analysts. FEMA has approved $1.38B in assistance for Sandy victims and the pace of construction on new houses picked up over the last few months. 1 Comment [Consumer]
Thursday, May 16, 8:40 AM Housing starts were a disappointment in April, but building permits surged to a 5-year high. The high level of permit activity could help lift sales for Home Depot (HD) and Lowe's (LOW). Comment! [Consumer]
Monday, May 13, 9:11 AM More on retail sales: Building material and garden equipment sales (HD, LOW) were again, up 1.5% M/M and 4.1% Y/Y, while department store sales (SHLD, KSS, M, JWN, JCP) trailed expectations. Grocery store sales (KR, SVU, SWY) slipped during April compared to March but were 2% than a year ago on pricing gains. 1 Comment [U.S. Economy, Consumer]
Wednesday, May 8, 1:46 PM Lowe's (LOW +3.4%) gets a lift from ISI Group on the firm's view that margins could go from 7% to 10% as productivity improves. A normalization in sales would also allow the retailer to support share price with new buybacks and dividend hikes. Shares of Lowe's are rated a Buy by ISI, although it still sees Home Depot (HD +0.2%) as the more attractive stock in the home improvement space. 1 Comment [Consumer, On the Move]
Wednesday, April 24, 1:14 PM DIY shakeup: Menards opens a do-it-yourself superstore in the Detroit area as it keeps up its steady pace of large-sized store growth. The privately-owned company claims its stores in 14 different states offer 40% more products than Home Depot (HD +0.2%) or Lowe's (LOW -0.3%). Will the other 36 states see the LOW-HD duopoly broken up? Comment! [Consumer]
Monday, April 22, 12:11 PM Homebuilders slip today on weaker than anticipated earnings out of NVR and a miss on Existing Home Sales numbers for March: [(XHB -0.6%, [HOV]] -1.6%, MTH -0.6%, RYL -1.3%, TOL -1.4%, TPH -0.4%, DHI -0.2%, KBH -0.2%, LEN -1.2%, SPF -1%. Home improvement superstore operators also feel the pinch: (HD -0.4% and (LOW -1.2%. 2 Comments [On the Move, U.S. Economy]
Monday, April 15, 1:59 PM Lowe's (LOW -1.9%) increases its promotional pitch on lawn mowers this year with the spring lawn and garden buying season off to a slow start. The company has been hopeful that gains in the residential real estate market will translate into a boost in demand, but investors may have to wait until after April numbers are in to get a fair read on where the retailer stands due to the chilly March in the U.S. Comment! [Consumer]
Friday, April 12, 10:17 AM Home Depot (HD +1.7%) trades higher early after Jefferies upgrades the shares to Buy from Hold citing a bullish sales outlook. "Our checks continue to come back favorably," Jefferies says, "weather will not impede" strong Q1 comps. New price target is $85. Competitor Lowe's (LOW +0.5%) is higher by association. (See also: Home garden sales tip in March) Comment! [On the Move, Consumer]
Friday, April 12, 8:47 AM The March report on retail sales indicates a measurable impact was felt by retailers from the round of cooler weather seen in the U.S. during the month right along with broader macroeconomic factors. Department store (KSS, JWN, DDS, SKS, SHLD) and home garden (HD, LOW) sales tipped to the weaker side while online sales showed some strength. 3 Comments [Consumer, U.S. Economy]

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