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Lowe's Bets on Caution as DIY Spending Slows, Trims Full-Year Outlook
finance6 days ago

Lowe's Bets on Caution as DIY Spending Slows, Trims Full-Year Outlook

Lowe's beat Q2 earnings with adjusted EPS of $4.27 on about $26 billion in revenue (just shy of expectations), aided by a $0.11 tariff refund, but it issued a more cautious full-year outlook as DIY spending remains under pressure. The company now guides 2026 sales near $92 billion with flat comparable sales and roughly $12.25 in adjusted EPS at the low end. CEO Marvin Ellison stressed the ongoing total-home strategy while acknowledging macro uncertainty and cautious discretionary spending; the stock rose on the beat.

via Yahoo Finance|
#diy-spending#earnings#finance
Lowe's Q2 Earnings Mixed as Tariff Boost Lifts EPS, Guidance at Low End
business6 days ago

Lowe's Q2 Earnings Mixed as Tariff Boost Lifts EPS, Guidance at Low End

Lowe's posted a mixed Q2—adjusted EPS of $4.40 (including an 11-cent tariff boost) on $25.96 billion in revenue, with net income of $2.4 billion; online sales rose 15.7% while pro and home services were strong, but overall home-improvement spending remained pressured. The company kept full-year guidance at the low end: $92 billion in sales, comparable sales flat, and adjusted EPS of $12.25. Shares fell about 2% in premarket trading as macro headwinds persist.

via CNBC|
#business#earnings#guidance
Lowe's Unveils 15-Foot Headless Skeleton, Aims to Top Halloween Animatronics Race
business8 days ago

Lowe's Unveils 15-Foot Headless Skeleton, Aims to Top Halloween Animatronics Race

Lowe's is debuting a 15-foot headless skeleton animatronic for Halloween 2026—the tallest on the market and a direct challenge to Home Depot's viral 12-foot Skelly—alongside a broader lineup of animatronics, statues and inflatables; the collection features everything from scary witches to kid-friendly inflatables like Bluey and Disney favorites, with shopping early advised as top pieces often sell out, and notes on the MyLowe's Rewards program.

via USA Today|
#animatronics#business#halloween-decor
Nike taps Pfizer CFO Denton to lead finance in next growth phase
business2 months ago

Nike taps Pfizer CFO Denton to lead finance in next growth phase

Nike announced that David M. Denton will join as Executive Vice President and Chief Financial Officer, effective August 17, succeeding Matthew Friend who will step down but stay through September 4 to ensure a smooth transition. Denton, currently CFO of Pfizer since 2022, has more than 30 years of finance leadership at companies including Lowe’s and CVS Health and prior board experience. Nike also updated on fourth-quarter/fiscal-2026 results (June 30); the report will include a one-time tariff-refund benefit and is expected to be broadly in line with prior guidance absent that benefit.

via About Nike|
#business#cfo-transition#denton
Lowe's Posts Q4 2025 Earnings Rise, Sets Positive 2026 Outlook
business6 months ago

Lowe's Posts Q4 2025 Earnings Rise, Sets Positive 2026 Outlook

Lowe's reported $20.58 billion in Q4 2025 sales and net earnings of $999 million ($1.78 per share), with adjusted diluted EPS of $1.98 after excluding $149 million in pre-tax costs tied to the Foundation Building Materials and Artisan Design Group acquisitions. For the full year, net earnings were $6.654 billion and the company provided a 2026 outlook of $92–$94 billion in sales, flat-to up 2% in comparable sales, and adjusted diluted EPS of $12.25–$12.75 (GAAP diluted EPS about $11.75–$12.25), with operating margin 11.2%–11.4%, and capex around $2.5 billion. The firm highlighted growth in Pro, online, and home services, paid $673 million in dividends in Q4 and returned about $2.6 billion to shareholders in 2025, and remains optimistic on share gains amid housing-market headwinds through productivity initiatives.

via Lowe’s Corporate|
#acquisitions#business#earnings
Lowe’s beats Q4, guides higher full-year sales and earnings amid housing headwinds
business6 months ago

Lowe’s beats Q4, guides higher full-year sales and earnings amid housing headwinds

Lowe’s topped Q4 expectations with revenue of $20.58 billion and $1.98 in adjusted EPS (vs. $1.94 expected), while net income fell to $999 million; comparable sales rose 1.3%. For the full year, Lowe’s guides sales of $92–$94 billion and adjusted EPS of $12.25–$12.75, with comparable sales expected to be flat to up about 2%. CEO Marvin Ellison cited productivity initiatives and a focus on DIY customers and professionals amid a housing slowdown. Shares moved lower in premarket trading, though the stock is up about 16% year-to-date.

via CNBC|
#business#comparable-sales#earnings
business6 months ago

Lowe's trims about 600 corporate roles to sharpen frontline focus

Lowe's is cutting about 600 corporate and support roles—less than 1% of its roughly 300,000-employee workforce—without touching store positions, as it shifts to strengthen frontline operations and leans into AI to reduce workloads; affected workers will receive severance, benefits, and career-transition support, while exact Charlotte-area numbers weren’t disclosed.

via Charlotte Observer|
#ai#business#corporate
Lowe's Tops JD Power's 2025 Home Improvement Satisfaction Ranking
business7 months ago

Lowe's Tops JD Power's 2025 Home Improvement Satisfaction Ranking

JD Power's 2025 U.S. Home Improvement Retailer Satisfaction study ranks Lowe's first, with Ace Hardware second and Home Depot and Menards below the average. The study surveyed 2,140 shoppers from July 2024 to March 2025 and evaluated five drivers: price, online experience, in-store experience, merchandise, and staff/service. About 64% would definitely shop at their chosen store again (up 9% from 2024), driven by more proactive employees and shoppers doing more online pre-purchase research; Lowe's advantage includes more affordable power tools, while Home Depot offers better warranties.

via SlashGear|
#ace-hardware#business#customer-satisfaction
Lowe's completes $8.8 billion acquisition to strengthen its market position
business10 months ago

Lowe's completes $8.8 billion acquisition to strengthen its market position

Lowe's has completed an $8.8 billion acquisition of Foundation Building Materials to expand its offerings for professional customers and boost sales amid challenging market conditions, following a similar move by rival Home Depot. Despite slight sales increases, Lowe's faces declining customer visits and cautious consumer behavior due to economic factors like high mortgage rates and a sluggish housing market.

via TheStreet|
#acquisition#business#home-improvement