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Lowe's Q4 Profit Down, Comps Rise; Sees Flat To Higher Comps In FY26; Stock Drops

Lowe's Q4 Profit Down, Comps Rise; Sees Flat To Higher Comps In FY26; Stock Drops

Lowe's Companies, Inc. reported Wednesday lower profit in its fourth quarter mainly on one-time charges, while total sales and Comparable sales increased from last year. Further, the home improvement retailer issued fiscal 2026 outlook, expecting sales growth and flat to higher comps, amid ongoing uncertainty in the home improvement market. In pre-market activity, the shares were losing around 3%.
RTTNews | Před 99 dny
Lowe's Q2 Profit Tops View, Cuts FY24 Outlook Below Market

Lowe's Q2 Profit Tops View, Cuts FY24 Outlook Below Market

Home improvement major Lowe's Companies, Inc. on Tuesday trimmed its fiscal 2024 earnings and sales outlook below market estimates after reporting weak results in its second quarter. However, the quarterly earnings per share beat the Street view. The company attributed lower-than-expected DIY sales and a pressured macroeconomic environment for the downward revision in annual forecast.
RTTNews | Před 653 dny
Lowe's Q1 Earnings Down, But Beat Market; Backs FY24 View; Stock Up

Lowe's Q1 Earnings Down, But Beat Market; Backs FY24 View; Stock Up

Home improvement major Lowe's Companies, Inc. on Tuesday maintained its fiscal 2024 earnings and sales outlook after reporting weak results in its first quarter. However, the quarterly earnings per share were above market estimates. In pre-market activity on the NYSE, Lowe's shares were gaining around 3.1 percent...
RTTNews | Před 744 dny
Gree Recalls 1.56 Mln Dehumidifiers Due To Fire And Burn Risks

Gree Recalls 1.56 Mln Dehumidifiers Due To Fire And Burn Risks

Gree Electric Appliances, Inc. is recalling 1.56 million dehumidifiers after reports of at least 23 fires, the U.S. Consumer Product Safety Commission announced. According to the agency, the dehumidifiers can overheat, smoke, and catch fire, posing fire and burn hazards to consumers. There were reports of at least 23 fires, 688 incidents of overheating, and $168,000 in property damage...
RTTNews | Před 1022 dny
Lowe's, BJ's Wholesale, DICK's Sporting Report Q1 Profits

Lowe's, BJ's Wholesale, DICK's Sporting Report Q1 Profits

Retailers Lowe's Cos. Inc. (LOW), BJ's Wholesale Club Holdings Inc. (BJ) and DICK'S Sporting Goods, Inc. (DKS) reported profits for the fourth quarter, with Lowe's and DICK'S Sporting topping estimates, while BJ's met it. DICK'S Sporting and BJ's also reaffirmed their respective guidance for the full-year 2023, while Lowe's trimmed it.
RTTNews | Před 1108 dny
Lowe's Guides FY23 Earnings In Line With Estimates - Update

Lowe's Guides FY23 Earnings In Line With Estimates - Update

While reporting financial results for the fourth quarter on Wednesday, home improvement retailer Lowe's Cos., Inc. (LOW) initiated its earnings, total sales and comparable sales guidance for the full-year 2023.
RTTNews | Před 1191 dny
Lowe's, TJX Q2 Revenues Miss Estimates, But Target Revenues Met It

Lowe's, TJX Q2 Revenues Miss Estimates, But Target Revenues Met It

Home improvement retailer Lowe's Cos., Inc. reported Wednesday an increase in earnings per share for the second quarter that also topped analysts' estimates. However, quarterly sales edged down and missed expectations. The company also reaffirmed its guidance range for the full-year 2022.
RTTNews | Před 1387 dny