Lowe's Companies will announce Its 63rd year of dividend growth in the second half of May. JHVEPhoto This is the latest in my series of articles where I provide predictions of annual dividend increases for long-term dividend growth companies. At the end of April, I provided predictions for 14 dividend growth companies that have historically announced annual payout increases in the first half of May. In this article, I'll look at another 9 dividend growth companies that I expect will announce their annual di ...

Sundry Photography Introduction Lowe's (NYSE:NYSE:LOW) is a US hardware retailer which competes in both the DIY and professional contractor space. Lowe's is the number two player in the home improvement space behind market leader Home Depot (NYSE:HD). Lowe's provides a wide range of home improvement products including plumbing, electrical equipment, garden products etc. The firm operates an omni-channel sales distribution model, offering products in-store, online or through a delivery service for profess ...

Lowe's (LOW) closed at $231.70 in the latest trading session, marking a -0.19% move from the prior day. This move lagged the S&P 500's daily gain of 1.03%. On the other hand, the Dow registered a gain of 0.46%, and the technology-centric Nasdaq increased by 1.19%.Shares of the home improvement retailer witnessed a loss of 3% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 0.23% and the S&P 500's loss of 1.57%.The investment community will be closely monitori ...

Lowe's (LOW) closed the latest trading day at $230.94, indicating a +0.47% change from the previous session's end. This change outpaced the S&P 500's 0.32% gain on the day. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 0.35%.Heading into today, shares of the home improvement retailer had lost 9.76% over the past month, lagging the Retail-Wholesale sector's loss of 1.39% and the S&P 500's loss of 2% in that time.Investors will be eagerly watching for t ...

Lowe's Companies (LOW) has effectively tailored its initiatives to cater to evolving consumer behaviors and market trends. Innovations such as the MyLowe's Rewards loyalty program and substantial enhancements in digital and technological capabilities place Lowe's at the cutting edge of the home improvement industry. These strategic measures not only align with current consumer expectations but also position Lowe’s for sustained growth and continued leadership in a competitive market landscape.The company ha ...

Foundation awards $1 million to SkillsUSA and rolls out the blue carpet for students at select Lowe's stores nationwide on May 7, inspiring Gen Z to join skilled trades movementMOORESVILLE, N.C., April 24, 2024 /PRNewswire/ -- To honor the future generation of Pros who are choosing careers in skilled trades, the Lowe's Foundation has awarded a $1 million Gable Grant to SkillsUSA. The foundation will join SkillsUSA to celebrate thousands of students nationwide on National Signing Day as they commit to skille ...

"Lionel Messi is the GOAT of the assist," said Jen Wilson, Lowe's senior vice president of enterprise brand and marketing. "Partnering with him is the perfect reflection of Lowe's shared passion for assisting our customers, whether for their business or home." To kick off his first season, Lowe's and Messi will "assist" Lowe's loyalty customers with extra perks. Starting today, all loyalty members will receive 100 points to get them closer to their next reward through Lowe's new loyalty program for homeowne ...

Store Operations - As of February 2, 2024, Lowe's operates 1,746 home improvement stores across approximately 195 million square feet of retail selling space[7]. - The company operated 1,746 stores in the United States as of February 2, 2024, following the divestiture of its Canadian retail business[218]. Sales and Revenue - Net sales for the fiscal year ended February 2, 2024, were $86,377 million, a decrease from $97,059 million in the previous fiscal year[209]. - Total net sales for the year ended February 2, 2024, were $86,377 million, down from $97,059 million in the previous year, representing a decline of about 11%[264]. - Revenue from products was $83,002 million, a decrease from $93,392 million, while service revenue was $2,097 million, down from $2,178 million[264]. - The United States generated $86,377 million in sales, down from $92,010 million in the prior year, indicating a decrease of 6.5%[269]. Financial Performance - Gross margin for the fiscal year was $28,844 million, representing 33.39% of net sales, compared to 33.23% in the prior year[209]. - Operating income increased to $11,557 million, accounting for 13.38% of net sales, up from 10.47% in the previous year[209]. - Net earnings for the fiscal year were $7,726 million, or 8.95% of net sales, compared to $6,437 million, or 6.63% in the previous year[210]. - Basic earnings per share rose to $13.23, compared to $10.20 in the previous fiscal year[209]. - Comprehensive income for the fiscal year was $7,719 million, or 8.94% of net sales, compared to $6,780 million, or 6.99% in the previous year[210]. Expenses and Liabilities - The company reported a decrease in selling, general, and administrative expenses to $15,570 million, which is 18.02% of net sales, down from 20.94% in the previous year[209]. - Interest expense increased to $1,382 million, representing 1.60% of net sales, compared to 1.16% in the prior year[209]. - Total liabilities decreased from $57,962 million in February 3, 2023 to $56,845 million in February 2, 2024, a reduction of approximately 2%[212]. Inventory and Assets - Merchandise inventory decreased from $18,532 million in February 3, 2023 to $16,894 million in February 2, 2024, a reduction of approximately 9%[212]. - Total current assets decreased from $21,442 million in February 3, 2023 to $19,071 million in February 2, 2024, a decline of approximately 11%[212]. - The company reported a reserve for loss on obsolete inventory of $245 million as of February 2, 2024, compared to $139 million as of February 3, 2023, indicating a 76.3% increase year-over-year[227]. Environmental and Social Responsibility - In fiscal 2023, Lowe's was included in the Dow Jones Sustainability North America Index for the fifth consecutive year, reflecting its commitment to environmental and social practices[41]. - Lowe's aims to achieve net-zero emissions across its scope 1, 2, and 3 GHG emissions by 2050, with interim targets of reducing scope 1 and 2 emissions by 40% and scope 3 emissions by 22.5% below 2021 levels by 2030[46]. - Over the past three years, Lowe's has invested more than $400 million in energy efficiency and renewable energy projects[47]. - The Lowe's Foundation established the Gable Grants program, committing $50 million over five years to prepare 50,000 individuals for skilled trades careers[42]. Workforce and Talent Development - Lowe's employs approximately 168,000 full-time and 116,000 part-time associates as of February 2, 2024[33]. - The company received over 15 notable employer of choice awards in fiscal 2023, highlighting its commitment to workforce inclusion and diversity[32]. - More than 80% of store leadership positions were filled internally in the last year, demonstrating Lowe's focus on internal talent development[38]. - The company offers a tuition-free education program and the Track to the Trades program, which connects associates with apprenticeship certifications in various skilled trades[40]. Shareholder Returns and Stock Performance - The total share repurchases for the year ended February 2, 2024, amounted to 29.9 million shares at a cost of $6.334 billion[315]. - The company has $14.6 billion remaining under its $15.0 billion share repurchase program as of February 2, 2024[309]. - Cash dividend payments for the fiscal year were $2,531 million, compared to $2,370 million in the previous year, an increase of about 7%[216].

MOORESVILLE, N.C., March 22, 2024 /PRNewswire/ -- The board of directors of Lowe's Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend of one dollar and 10 cents ($1.10) per share, payable May 8, 2024, to shareholders of record as of April 24, 2024. About Lowe's Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2023 sales of more than $86 billion, Lowe's oper ...

As certain regions of the country saw warmer weather and sunnier days, Lowe's introduced the SpringFest Sneak Peek savings event to empower customers to approach the official spring season with confidence. Right now, customers can save with Sneak Peek deals nationwide online at Lowes.com. Customers can also find great deals, new product offerings and services, plus exclusive perks like DIY-U Workshops for MyLowe's Rewards members.  For the first time, Lowe's will also have exclusive SpringFest Doorbusters h ...