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|03/06/19 - Lowe's to Webcast Presentation from the Bank of America Merrill Lynch 2019 Consumer & Retail Technology Conference|
MOORESVILLE, N.C., March 6, 2019 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announces that Marvin R. Ellison, president and chief executive officer, and David M. Denton, chief financial officer, will present at the Bank of America Merrill Lynch 2019 Consumer & Retail Technology Conference in New York, NY. What: Presentation by Marvin Ellison and David Denton at the Bank of America Merrill Lynch 2019 Consumer & Retail Technology
|02/27/19 - Lowe's Reports Fourth Quarter Sales And Earnings Results|
-- Diluted Loss Per Share of ($1.03) -- -- Adjusted Diluted Earnings Per Share (1) of $0.80 -- -- Reiterates Fiscal 2019 Business Outlook -- MOORESVILLE, N.C., Feb. 27, 2019 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported a net loss of $824 million and diluted loss per share of ($1.03) for the quarter ended Feb. 1, 2019, which included pre-tax charges of $1.6 billion, compared to net earnings of $554 million and diluted earnings per share of $0.67 in the four
|02/20/19 - Lowe's Companies, Inc. Invites You to Join Its Fourth Quarter 2018 Earnings Conference Call Webcast|
MOORESVILLE, N.C., Feb. 20, 2019 /PRNewswire/ -- In conjunction with the Lowe's Companies, Inc. (NYSE: LOW) fourth quarter 2018 earnings press release, you are invited to listen to its conference call to be broadcast live over the internet on Wednesday, February 27, 2019 at 9:00 a.m. Eastern Time. Supplemental slides will be available fifteen minutes prior to the start of the conference call. What:
|12/12/18 - Lowe's Outlines Areas of Strategic Focus at 2018 Analyst and Investor Conference|
-- Company Reiterates Guidance for Fiscal 2018 - -- Issues Guidance for Fiscal 2019 -- -- Announces New $10 Billion Share Repurchase Program -- MOORESVILLE, N.C., Dec. 12, 2018 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) is meeting today with analysts and investors in Mooresville, North Carolina to discuss its strategic priorities and near- and long-term financial targets. "We have substantially completed a detailed reassessment of our business
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|Lowe's Reports Record Sales and Earnings for the Second Quarter|
Earnings Per Share Increased 22%
Sales Increased 19%
WILKESBORO, N.C., Aug. 14 -- Lowe's Companies, Inc. (NYSE: LOW), the world's second largest home improvement retailer, today reported diluted earnings per share of $0.73 for the quarter ended July 28, 2000, a 22 percent increase over the same period a year ago. Net earnings increased 21 percent to $279.6 million from $230.2 million in the second quarter of 1999.
For the six months ended July 28, 2000, net earnings grew 31% to $466.7 million while diluted earnings per share increased 30% to $1.21. Prior year results include a one-time charge of $0.04 per share for costs related to the merger with Eagle Hardware and Garden, Inc. ("Eagle") on April 2, 1999. Excluding the one-time charge, both net earnings and diluted earnings per share increased 25% over the same period a year ago.
Sales for the quarter increased 19 percent to $5.26 billion, up from $4.44 billion in the second quarter of 1999. Sales at the company's comparable stores increased 3.7 percent during the quarter. For the six months ended July 28, 2000, sales increased 19 percent to $9.73 billion. Comparable store sales increased 3.9 percent in the first six months of 2000.
"The reported comparable store sales performance reflects considerable disruption at the Eagle stores which are currently being re-merchandised to Lowe's format stores," commented Robert L. Tillman, Lowe's chairman and CEO.
"We continue to be pleased with the performance of the Lowe's retail stores throughout the rest of the country as their comparable sales performance exceeded six percent."
During the quarter, Lowe's opened 15 new stores and relocated 7 stores. As of July 28, 2000, Lowe's operates 604 stores in 39 states. Retail square footage grew to 60.9 million, a 19 percent increase over the same period a year ago.
Also during the quarter, Lowe's achieved a significant milestone in the appliance category, being named the nation's second largest appliance retailer. With the company's continued emphasis on large and small appliance sales, and an appliance industry shift toward the home improvement channel, Lowe's expects to increase its leadership role in this important category over the coming years.
This news release may include "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Although the company believes that comments reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Possible risks and uncertainties regarding these statements include, but are not limited to, the direction of general economic trends, the availability of real estate for expansion and its successful development, fluctuations in prices and availability of commodities, unanticipated increases in competition with home improvement chains, adverse weather conditions that affect sales, and greater than anticipated costs associated with the integration of Eagle with Lowe's.
Lowe's Companies, Inc. is the world's second largest home improvement retailer. Headquartered in Wilkesboro, N.C., Lowe's is the 15th largest retailer in the U.S. as well as the 34th largest retailer worldwide. Lowe's and its 100,000 employees are Improving Home Improvement for nearly five million do-it-yourself retail and commercial business customers each week.
Lowe's Companies, Inc. Consolidated Statements of Current and Retained Earnings In Thousands, Except Per Share Data