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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%.
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CPSC Recalls: Polaris ROVs, Accessory Heaters, Window Hinge Tracks, Bear Lights, Propane Heaters
The U.S. Consumer Product safety Commission or CPSC has announced various recalls including Polaris Recreational Off-Road Vehicles or ROVs, Honda accessory heaters, high chairs, window hinge tracks, baby bath seats, bear lights, and propane heaters, among others.
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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.
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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...
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Lowe's To Carry Toro Product Lineup Under Strategic Retail Partnership Deal
The Toro Co. (TTC) and Lowe's Cos., Inc. (LOW) announced Thursday a strategic retail partnership through which Lowe's will carry Toro zero-turn riding mowers, walk mowers, portable power equipment and snow blowers in both the gas and rapidly expanding battery categories.
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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...
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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.
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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.
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Lowe's Authorizes New $15 Bln Share Repurchase; Affirms FY22 Outlook
Ahead of its 2022 Analyst and Investor Conference in New York City on Wednesday, home improvement company Lowe's Companies, Inc. (LOW) the board of directors has authorized a new $15 billion common stock repurchase program.
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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.
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