Core Insights - Lowe's is launching its SpringFest event on March 20, featuring exclusive deals on various spring-related products including lawn & garden items, grills, outdoor power equipment, appliances, and paint [1][2][7] Promotions and Offers - MyLowe's Rewards and MyLowe's Pro Rewards members can access exclusive deals and save 20% on eligible purchases with a new MyLowe's Rewards Credit Card, up to a maximum discount of $100 [2][10] - During SpringFest, new offers will be introduced every two weeks, including promotions on mulch and other essential spring items [3][4] Product Highlights - Lowe's is offering exclusive products from top brands such as Weber, EGO, Char-Broil, and private brands like Kobalt and Sta-Green [4][5] - Specific promotions include five bags of 2-Cu. Ft. Sta-Green Premium Color Mulch for $10, up to $10 off select Sta-Green Lawn Care products, and up to 40% off select major appliances [4][11] Customer Support and Services - Lowe's provides expert assistance through knowledgeable associates to help customers with project-related questions and advice tailored to their specific climate and growing zone [3][7] - The company offers same-day fulfillment options, including buy online, pick-up in store, and delivery through partnerships with online marketplaces [8][14] Company Overview - Lowe's Companies, Inc. is a FORTUNE® 50 home improvement company with over 1,700 stores and approximately 300,000 employees, serving around 16 million customer transactions weekly [15]

Group 1 - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] - The article discusses Lowe's (NYSE: LOW) and its attractive valuation as of October 2022, highlighting the merits of investing in this business [2] - The author expresses a potential interest in initiating a long position in Lowe's stock or related derivatives within the next 72 hours [2] Group 2 - The article emphasizes that it is for informational purposes and does not constitute financial advice, encouraging readers to perform due diligence [3] - Seeking Alpha clarifies that past performance does not guarantee future results and that no specific investment recommendations are provided [4]

Core Insights - Lowe's has launched Lowe's Style Studio™ for Apple Vision Pro, allowing customers to visualize and design their dream kitchens in an immersive 3D experience [1][2] - The pilot program will begin on March 15, 2025, in five stores across Austin, Texas, and will feature 45-minute consultations with Lowe's associates [2][3] - The technology utilizes spatial computing to blend digital content with physical space, enhancing customer interaction and experience [2][4] Company Overview - Lowe's Companies, Inc. is a FORTUNE® 50 home improvement company, serving approximately 16 million customer transactions weekly in the U.S. [6] - The company reported total fiscal year 2024 sales exceeding $83 billion and operates over 1,700 home improvement stores with around 300,000 employees [6] Technology and Features - Lowe's Style Studio™ incorporates a teleport feature, allowing users to view their kitchen from different angles with a simple finger flick [4] - The app is available in the App Store for Apple Vision Pro and complements other Lowe's technologies, such as MyLowe's Home and Style Your Space [5] Community Engagement - Lowe's is committed to supporting communities through initiatives focused on safe housing, community space improvement, and skilled trade development [6][8]

Investment Rating - The report initiates an "Outperform" rating for Lowe's [1][5][81] Core Insights - Lowe's is the world's second-largest home improvement retailer, with over 1,900 stores in the U.S. and Canada, offering a wide range of products to meet DIY and professional customer needs [6][13] - The U.S. home improvement market reached $1 trillion in 2022, with long-term growth potential driven by factors such as housing prices, housing age, and per capita disposable income [23][27] - The company has a strong competitive position in home appliances and outdoor categories, supported by a differentiated brand strategy and a robust supply chain [11][38][65] Financial Summary - Revenue projections for 2024-2026 are $83.3 billion, $84.3 billion, and $87.4 billion, with year-on-year changes of -3.5%, 1.2%, and 3.6% respectively [3][81] - Net income estimates for the same period are $6.8 billion, $6.9 billion, and $7.5 billion, with year-on-year changes of -11.4%, 1.0%, and 8.0% respectively [3][81] - The gross margin is expected to remain stable around 33.4% over the forecast period [9][82] Market Position and Strategy - Lowe's has a significant opportunity for store expansion, particularly in regions where it has fewer locations compared to competitors like Home Depot [54][59] - The company employs a long-tail strategy with a large number of SKUs, enhancing customer acquisition and sales per store [59][65] - Lowe's aims to increase its PRO customer segment, which currently represents a smaller portion of its revenue compared to competitors [41][47] Competitive Landscape - The home improvement market is highly fragmented, with significant growth potential for Lowe's as it enhances its online presence and installation services [27][34] - Lowe's has established a unique supply chain strategy that allows for rapid delivery of large appliances, setting it apart from competitors [65][66] Historical Performance - From 2019 to 2023, Lowe's revenue grew from $71.3 billion to $97 billion, with a CAGR of 3.90% [70] - The company has maintained a stable gross margin, with net profit increasing significantly during the same period [70][71]

Core Insights - Lowe's has launched Mylow, the first AI-powered home improvement virtual advisor, aimed at enhancing customer service and providing real-time answers to home improvement questions [2][4][5] Company Overview - Lowe's Companies, Inc. is a FORTUNE® 50 home improvement company with over 1,700 stores and approximately 300,000 associates, serving around 16 million customer transactions weekly in the U.S. [8] - The company reported total fiscal year 2024 sales exceeding $83 billion [8] Product Features - Mylow offers customers the ability to ask home improvement questions and receive immediate, conversational answers, making it easier for DIYers to navigate complex projects [4][5] - The virtual advisor links project insights to product discovery, helping customers find the right tools and materials for their projects [5][7] - Mylow is currently available on desktop and mobile web for MyLowe's Rewards members, with plans for voice capabilities and integration into Lowe's app later this year [7] Technology Collaboration - The development of Mylow involved collaboration with OpenAI, reflecting Lowe's commitment to leveraging emerging technologies to improve customer experience [4][5]

Core Insights - Lowe's and Home Depot have reported a return to comparable store growth in Q4 2024, marking the first positive growth in over a year, indicating end-market strength and operational efficiencies [1][4][8] - Organic growth is expected to continue into 2025, supported by increased store counts, enhancing shareholder value and capital returns [2][12] Financial Performance - Lowe's net revenue for Q4 was $18.55 billion, a decrease of 0.3% year-over-year, but $0.26 billion better than analyst consensus [5] - The company experienced gross margin pressure but improved operational efficiencies led to an 80 basis-point increase in operating margin and a 58-point increase in net margin [6] - Earnings increased by $0.15 or 840 basis points annually, outperforming adjusted expectations by 500 basis points, providing strong cash flow for debt reduction and shareholder returns [7] Market Outlook - Guidance for 2025 indicates continued growth, including comparable store growth, although less than analysts' predictions, which has created a buying opportunity in the market [8] - Analysts maintain a bullish outlook for Lowe's stock, with price targets ranging from $282 to $305, indicating potential upside of 7% to 17% [12][14] Capital Management - The company has reduced its share count by 2.7% in 2024 through a slower pace of buybacks, allowing for significant debt reduction [11] - The dividend remains safe and reliable, expected to grow annually, with a payout ratio under 40% of earnings [11] Technical Analysis - The stock market showed a favorable technical action with a 3.5% rise in premarket trading, confirming support at critical levels and aligning with an uptrend [13] - Institutional buying activity has reached multi-year highs, indicating strong demand for Lowe's stock ahead of earnings releases [14]

New funding expands foundation's roster of funded partners to 52 organizations offering scalable training programs in dozens of states MOORESVILLE, N.C., Feb. 27, 2025 /PRNewswire/ -- The Lowe's Foundation today announced nearly $9 million in Gable Grants to strengthen 15 nonprofits on the front lines of a growing skilled trades workforce movement. From Alaska to Mississippi, each organization is helping prepare new tradespeople as rising wages fuel more career opportunities. Over the past 12 months in cons ...

Core Insights - Lowe's is strategically investing in digital and in-store offerings to enhance value and convenience for Pro customers, driving growth amid a challenging macroeconomic landscape [1] - The company reported high single-digit growth in the Pro segment and a 9.5% increase in online sales during the fourth quarter, with a 0.2% rise in comparable store sales, marking the first positive increase in two years [2] Pro Customer Momentum and Loyalty Programs - Lowe's is gaining momentum with Pro customers and has updated its MVPs Pro Rewards & Partnership Program to MyLowe's Pro Rewards, allowing members to earn points on purchases redeemable for rewards [3] - The DIY loyalty program has 30 million members, with members outspending non-members by 50% [4] Driving Growth Through Productivity Improvement - Lowe's future growth strategy includes Perpetual Productivity Improvement (PPI) initiatives, which now extend to supply chain, merchandising, HR, IT, and online operations, focusing on store front-end transformation [5] Targeting Millennials and Strengthening Digital Experience - Millennials are leading in home improvement retail, with 25% having purchased building materials or tools in the past 30 days, compared to 19% of consumers overall [7] - Lowe's launched a Digital Home Platform for MyLowe's Rewards members, providing personalized home maintenance management and product recommendations [8] Looking Ahead - The company is prepared to outperform the market in various macro scenarios, leveraging data from loyalty programs to drive engagement and offering exclusive deals [10] - The normalization of the home improvement market remains uncertain, with a focus on tracking discretionary big-ticket items for DIY and the home installation business [11]

Lowe’s Companies, Inc. (LOW) reported fourth-quarter fiscal 2024 results, with the top and bottom lines surpassing the Zack Consensus Estimate. While net sales declined marginally year over year, earnings improved from the year-ago period. The Mooresville, NC-based company posted comparable sales growth, ending its streak of declines.LOW’s Quarterly Performance: Key Metrics and InsightsThe home improvement retailer posted adjusted quarterly earnings of $1.93 per share, which came ahead of the Zacks Consensu ...

Lowe’s Companies Inc. (NYSE:LOW) Q4 2024 Earnings Conference Call February 26, 2025 9:00 AM ET Company Participants Marvin Ellison - Chairman, Chief Executive Officer Joe McFarland - Executive Vice President, Stores Bill Boltz - Executive Vice President, Merchandising Brandon Sink - Executive Vice President, Chief Financial Officer Kate Pearlman - Vice President, Investor Relations Conference Call Participants Christopher Horvers - JP Morgan Simeon Gutman - Morgan Stanley Peter Benedict - Baird Kate McSha ...