Financial Performance - For the three months ended October 31, 2025, net earnings were $1,616 million, representing 7.77% of sales, compared to $1,695 million (8.41% of sales) for the same period in 2024[12] - Comprehensive income for the nine months ended October 31, 2025, was $5,641 million, or 8.59% of sales, down from $5,825 million (8.94% of sales) in the prior year[12] - The company reported a net earnings of $5,654 million for the nine months ended October 31, 2025, down from $5,833 million in the same period of the previous year[15] - Net earnings for the nine months ended October 31, 2025, were $5,654 million, a decrease from $5,833 million for the same period in 2024, representing a decline of approximately 3.1%[17] - Basic earnings per common share for the three months ended October 31, 2025, was $2.88, a decrease of 3.69% from $2.99 in the same period of 2024[62] Sales and Revenue - Net sales for the nine months ended October 31, 2025, were $65,701 million, an increase from $65,120 million for the same period in 2024, reflecting a growth of approximately 0.9%[32] - For the three months ended October 31, 2025, total net sales reached $20,813 million, a 3.2% increase from $20,170 million for the same period last year[37] - Net sales for the three months ended October 31, 2025, were $20.813 billion, an increase of 3.19% from $20.170 billion in the same period of 2024[66] Assets and Liabilities - Total assets increased to $53,453 million as of October 31, 2025, compared to $44,743 million on November 1, 2024[14] - Current liabilities were reported at $19,451 million as of October 31, 2025, slightly up from $19,447 million on November 1, 2024[14] - Long-term debt, excluding current maturities, rose to $37,498 million as of October 31, 2025, compared to $32,906 million a year earlier[14] - The accumulated deficit as of October 31, 2025, was $(11,165) million, an improvement from $(13,993) million on November 1, 2024[14] Cash Flow - Net cash provided by operating activities was $8,297 million for the nine months ended October 31, 2025, compared to $8,714 million for the same period in 2024, indicating a decrease of about 4.8%[17] - Cash and cash equivalents decreased to $621 million as of October 31, 2025, from $3,271 million on November 1, 2024[14] - Cash and cash equivalents at the end of the period were $621 million, down from $3,271 million at the end of the same period in 2024, representing a decrease of about 81%[17] - The company reported a net cash used in investing activities of $11,687 million for the nine months ended October 31, 2025, compared to $1,320 million for the same period in 2024[17] Dividends and Share Repurchase - The company declared cash dividends of $1.20 per share for the three months ended October 31, 2025, totaling $673 million[15] - As of October 31, 2025, the company has $10.8 billion remaining in its share repurchase program, which was paused in fiscal 2025[59] - For the three months ended October 31, 2025, total shares repurchased were 0.374 million, with a total cost of $10.3 million, compared to 2.515 million shares at a cost of $2.5 billion for the same period in 2024[61] Acquisitions - The company completed the acquisition of Artisan Design Group (ADG) for $1.3 billion on June 2, 2025, which is expected to enhance its Pro customer offerings[25] - The acquisition of Foundation Building Materials (FBM) was completed for $8.8 billion on October 9, 2025, aimed at accelerating the company's Total Home strategy[28] - Intangible assets acquired from FBM totaled $5,041 million, including customer relationships valued at $3,920 million with a useful life of 20 years[29] Segment Performance - Home Décor segment generated $7,802 million in net sales, accounting for 37.5% of total sales, consistent with the previous year[37] - Building Products segment reported $6,875 million in net sales, representing 33.0% of total sales, up from 33.3% in the prior year[37] - Hardlines segment net sales decreased to $5,116 million, down from $5,306 million, with its share of total sales dropping from 26.3% to 24.6%[37] Debt and Financing - The company entered into a $2.0 billion unsecured term loan credit agreement on September 16, 2025, with an interest rate of 4.935%[55] - The company issued $5.0 billion of unsecured fixed-rate notes on September 30, 2025, with maturities ranging from October 2027 to October 2035[55] - The fair value of the company's long-term debt, excluding finance lease obligations, was estimated at $34,968 million as of October 31, 2025[47] - The company has a supplier finance program that facilitated $1,705 million in financed payment obligations as of October 31, 2025[48] - As of October 31, 2025, the company had no outstanding borrowings under its commercial paper program or long-term credit agreements[51] Market Risks - The company is exposed to market risks, including changes in interest rates and commodity prices, which have not changed materially from previous disclosures[119]

Accessibility StatementSkip Navigation MOORESVILLE, N.C., Nov. 25, 2025 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announces that Marvin R. Ellison, chairman and chief executive officer, will participate in a fireside chat at the Morgan Stanley Global Consumer & Retail Conference. About Lowe'sLowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company serving approximately 16 million customer transactions a week, with total fiscal year 2024 sales of more than $83 billion. Lowe's em ...

Dividend Kings are worth considering if you are looking for stocks that can weather any market storm while quietly building wealth over time. These elite companies have hiked their dividends for 50 consecutive years or more, proving their resilience, reliability, and long-term potential. Dividend King #1: Lowe’s Companies (LOW) Lowe’s Companies (LOW) is one of America’s most trusted home improvement retailers and a standout Dividend King, boasting 62 years of consecutive dividend growth. Regardless of ma ...

Lowe’s Companies, Inc. (NYSE:LOW) is included among the 15 Best Long Term Stocks to Buy According to Reddit. RBC Cuts Lowe’s (LOW) Price Target to $252 After Q3 Results Photo by NeONBRAND on Unsplash RBC Capital trimmed its p‌rice target for Lowe’s Companies, Inc. (NYSE:LOW) to $‍252 from $26​0 on November 20 and kept a Se⁠ctor Perform rati‌ng f‌ollowing the‍ retail‌er⁠’s Q3 results, according to a report by The Fly. The firm noted that the company performed better than the market expec‍ted, espec‍ially ...

Market Overview - The market is experiencing volatility with major indices showing mixed movements, including the Dow up about 0.21%, Nasdaq up about 1%, and S&P 500 up about 0.61% [1] - Bitcoin has seen a significant decline, down approximately 24% over the last two months, with a recent drop of about 6% in the past week [1][3] - The total capitalization of the crypto market has fallen by about 24% since its October peak, equating to over $1 trillion in value lost [1] Consumer Spending and Retail - The National Retail Federation anticipates that consumers will spend over $1 trillion this holiday season, marking a strong consumer sentiment [2] - Recent retail earnings reports have shown mixed results, with companies like Gap and TJ Maxx performing well, while Home Depot's results were less favorable [2] - High-income consumers are driving spending, while low-income consumers remain under pressure [2] AI and Technology Sector - Goldman Sachs suggests that the narrative around AI capital expenditures (capex) is crucial for market stability, with expectations of continued growth in technology demand [2][3] - Nvidia's recent performance is seen as a key indicator for the tech sector, with any weakness potentially impacting broader market sentiment [2][3] Cryptocurrency Insights - Institutional investors are currently sidelined, with Bitcoin ETF outflows reaching $3.5 billion in November, the largest since February [4] - The correlation between Bitcoin and the NASDAQ suggests that stabilization in crypto prices may be necessary for broader market recovery [5][6] - Analysts express caution regarding a V-shaped recovery for Bitcoin, citing the need for more dovish Fed commentary and institutional participation [4][5] Company-Specific Developments - Moderna has faced significant stock price declines, down 43% this year, and is currently the most shorted stock in the S&P 500, with 20% of shares shorted [28][30] - Pfizer is diversifying its business into weight loss drugs and other areas, contrasting with Moderna's struggles to adapt post-COVID vaccine demand [29][30] - Analysts highlight the need for Moderna to diversify its product offerings beyond COVID vaccines to regain investor confidence [31][35]

The B50 lock also allows homeowners to monitor lock status and manage PIN codes remotely via the Aqara Home app. Natively compatible with Alexa and Google Home, it works with other smart devices such as video doorbells, making it easy to greet guests remotely and unlock the door. Its built-in Wi-Fi connectivity eliminates the need for an additional hub. For users seeking enhanced interoperability, the lock can also be connected to an Aqara Matter hub, allowing integration with Matter platforms like Apple Ho ...

Group 1 - Lowe's Companies, Inc. reported a modest top and bottom line beat, although same-store sales were slightly below expectations [1] - The company raised its full-year sales forecast while lowering its same-store sales outlook and adjusting earnings guidance downwards [1] - Lowe's demonstrated effective inventory management, with inventory levels significantly reduced [1] Group 2 - Lowe's is a home improvement retailer offering tools, appliances, building materials, and decor, as well as installation, repair, and design services [2]

证券研究报告|行业研究周报 [Table_Date] 2025 年 11 月 23 日 [Table_Title] 周专题：家得宝&劳氏 FY25Q3 财报梳理 [Table_Title2] 家电行业周报 [Table_Summary] ► 周专题：家得宝&劳氏 FY25Q3 财报梳理 家得宝： 1 ） 财务数据：FY25Q3，净销售额 413.5 亿美元，同比 +2.8%，其中含收购 GMS 公司产生的约 9 亿美元销售额，可比 销售额同比+0.2%，美国本土可比销售额同比+0.1%；毛利率 为 33.4%，同比持平；净利润为 36 亿美元，同比-1.3%。 2）商品销售部门表现：9个商品销售部门实现正增长，涵盖 厨房、卫浴、户外园艺、仓储、电气、管道、五金及家电等 品类，商品销售平均客单价同比+1.8%，成交量同比-1.6%； 超 1000 美元的大额交易同比+2.3%，依托于专业客户的大额 订单采购需求，专业客户销售额同比+4.2%，稳健正增长。 3）全年预期：预计 FY25 总销售额同比+3.0%，其中 GMS 业 务预计贡献 20 亿美元增量，可比销售额同比小幅正增长； 预计全年新增加约 12 家门 ...

Core Insights - The decline of local appliance retailers is attributed to competition from larger chains like Best Buy, Lowe's, and Home Depot, which offer lower prices despite poorer customer service [1][2][3] - Tracy's Appliances, a family-owned business operating for 75 years, has announced its closure due to the retirement of its owner and family members, marking a significant loss for the local market [5][7][9] Industry Trends - The expansion of multi-market firms has led to increased national retail concentration, with local market share consolidation becoming more significant from 1997 to 2007 [3] - Local retailers are struggling to compete against larger chains, resulting in a notable decrease in their numbers [2][4] Company Specifics - Tracy's Appliances, founded in 1950, has served a substantial portion of the Lima, Ohio area, estimated to have serviced three out of five homes [5][9] - The business has been sold to a national furniture and appliance chain, with liquidation sales currently underway [6][7]

Core Insights - The Q3 earnings season for S&P 500 companies is showing positive results, with 95% of companies having reported by November 21, and an expected 13.4% increase in earnings per share, marking the fourth consecutive quarter of double-digit growth [2] Group 1: Earnings Performance - Analysts had initially expected a 7.9% increase in earnings per share for Q3 as of September 30, indicating a significant upward revision in expectations [3] - If the anticipated 13.4% growth holds, it represents an acceleration from the 12% growth rate reported in Q2 of this year [2] Group 2: Upcoming Reports - Recent retail earnings reports from Walmart, Home Depot, Lowe's, and Target will be followed by upcoming reports from Abercrombie & Fitch, Dick's Sporting Goods, and Burlington Stores, which will provide insights into consumer sentiment and purchasing behavior [4] - Additional earnings reports from tech and other sectors are expected from companies such as Zoom, Dell, Workday, HP Inc., Deere, and Pony AI [5]