LOW Stock Recent News

MOORESVILLE, N.C. , Aug. 30, 2024 /PRNewswire/ -- The board of directors of Lowe's Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend of one dollar and 15 cents ($1.15) per share, payable Nov. 6, 2024, to shareholders of record as of Oct. 23, 2024.

Home-improvement retailer Lowe's Cos. has become the latest company to change its approach to diversity, equity and inclusion amid an increase in legal challenges to the corporate world and pressure from conservatives.

When analysts prepare to assign a rating and a price target to a stock, they typically discuss the trend with each other. Otherwise, they arrange all the questions that need to be answered to make recommendations during quarterly earnings conference calls.

LOW reported some headwinds in its Q2 earnings surrounding its DIY demands and weather conditions. I see these headwinds as temporary only. I expect EPS growth to resume soon thanks to its robust ROCE and sustainable CAPEX investment.

Lowe's Companies, Inc. LOW released earnings results for its second quarter Tuesday before the opening bell.

Tepid demand for do-it-yourself projects, which account for more than half of Lowe's sales, led to Q2 same-store sales missing analysts' estimates.

Lowe's Companies, Inc. (NYSE:LOW ) Q2 2024 Earnings Conference Call August 20, 2024 9:00 AM ET Company Participants Kate Pearlman - Vice President, Investor Relations & Treasurer Marvin Ellison - Chairman & Chief Executive Officer Bill Boltz - Executive Vice President, Merchandising Joe McFarland - Executive Vice President, Stores Brandon Sink - Executive Vice President & Chief Financial Officer Conference Call Participants Simeon Gutman - Morgan Stanley Steven Zaccone - Citi Christopher Horvers - JPMorgan Scot Ciccarelli - Truist Securities Kate McShane - Goldman Sachs Robby Ohmes - Bank of America David Bellinger - Mizuho Securities Zach Fadem - Wells Fargo Brian Nagel - Oppenheimer Operator Good morning, everyone, and welcome to Lowe's Companies Second Quarter 2024 Earnings Conference Call. My name is Rob, and I'll be your operator for today's call.

Lowe's (LOW) executives spent Tuesday's earnings call discussing the retailer's struggles with lower discretionary spending from consumers, along with its efforts to expand its market share among professional contractors and improve its digital experience.

Lowe's Companies Inc (NYSE:LOW) lowered its full-year sales forecast on Tuesday after reporting disappointing second-quarter results, as high interest rates and inflation continued to weigh on consumer spending in the home improvement sector. The company reported a 5.6% decline in quarterly sales, falling to $23.59 billion, short of Wall Street's expectation of $23.91 billion.

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