03/26/18 - Lowe's Announces CEO Succession Plan After 25 Years with Lowe's, Robert A. Niblock to Retire Upon Appointment of Successor
Board Initiates Search for Successor
MOORESVILLE, N.C., March 26, 2018 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today announced that Robert A. Niblock plans to retire as chairman, president and CEO after a 25-year career with the company. The board of directors has initiated a search for his successor, and in the interim Niblock will remain in his current role as chairman, president and CEO.
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03/23/18 - Lowe's Companies, Inc. Declares Cash Dividend MOORESVILLE, N.C., March 23, 2018 /PRNewswire/ -- The Board of Directors for Lowe's Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend of forty-one cents ($0.41) per share, payable May 9, 2018, to shareholders of record as of April 25, 2018.
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 18 million customers a week in the United States, Canada and Mexico. With fiscal year 2017 sales of $68.6 bil |
03/05/18 - Lowe's to Webcast Presentation from the UBS Global Consumer & Retail Conference MOORESVILLE, N.C., March 5, 2018 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announces that Michael P. McDermott, chief customer officer, and Marshall A. Croom, chief financial officer, will present at the UBS Global Consumer & Retail Conference in Boston, MA.
What:
Presentation by Michael McDermott and Marshall Croom at the UBS Global
Consumer & Retail Conference in Boston, MA
When:
12:00 p.m. Eastern Time on Wednesda |
02/28/18 - Lowe's Reports Fourth Quarter Sales and Earnings Results -- Comparable Sales Increased 4.1 Percent --
-- Diluted Earnings Per Share of $0.67 --
-- Adjusted Diluted Earnings Per Share(1) of $0.74 --
MOORESVILLE, N.C., Feb. 28, 2018 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $554 million and diluted earnings per share of $0.67 for the quarter ended Feb. 2, 2018 (a 13-week quarter), compared to net earnings of $663 million and diluted earnings per share of $0.74 in the fourth quarter of 2016 (a 14-week quar |
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Lowe’s Reports Fourth Quarter Sales and Earnings Results | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-- Fourth Quarter Comparable Store Sales Increased 1.9 Percent --
-- Announces
Sales for the fourth quarter decreased 5.0 percent to
The 53rd week contributed Comparable store sales for the fourth quarter of 2012 increased 1.9 percent on a consolidated basis as well as for the U.S. business. For the fiscal year, comparable store sales increased 1.4 percent, while comparable store sales for the U.S. business increased 1.5 percent. Comparable store sales are based on comparable 13-week and 52-week periods, respectively. “We delivered solid results in the fourth quarter,” commented Robert A. Niblock, Lowe’s chairman, president and CEO. “Our results are a testament to the team’s success in driving more balanced performance across the quarter, our response to the demand created by recovery efforts in the wake of superstorm Sandy, and the momentum we’re creating with our initiatives. “I’d like to thank our employees for their perseverance in a year of significant change, and for their continued dedication to serving customers,” Niblock added.
Delivering on the commitment to return excess cash to shareholders, the
company repurchased
To further deliver on this commitment, the Board of Directors has
authorized the repurchase of up to
As of
A conference call to discuss fourth quarter 2012 operating results is
scheduled for today ( Lowe’s Business Outlook Fiscal Year 2013 (comparisons to fiscal year 2012; based on U.S. GAAP unless otherwise noted)
Disclosure Regarding Forward-Looking Statements
This news release includes "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995 (the
"Act"). Statements of the company's expectations for sales growth,
comparable store sales, earnings and performance, shareholder value,
capital expenditures, cash flows, store openings, the housing market,
the home improvement industry, demand for services, share repurchases,
the Company’s strategic initiatives and any statement of an assumption
underlying any of the foregoing, constitute "forward-looking statements"
under the Act. Although we believe that the expectations, opinions,
projections, and comments reflected in these forward-looking statements
are reasonable, we can give no assurance that such statements will prove
to be correct. A wide variety of potential risks, uncertainties, and
other factors could materially affect our ability to achieve the results
either expressed or implied by our forward-looking statements including,
but not limited to, changes in general economic conditions, such as
continued high rates of unemployment, interest rate and currency
fluctuations, higher fuel and other energy costs, slower growth in
personal income, changes in consumer spending, changes in the rate of
housing turnover, the availability and increasing regulation of consumer
credit and of mortgage financing, inflation or deflation of commodity
prices, and other factors which can negatively affect our customers, as
well as our ability to: (i) respond to adverse trends in the housing
industry, such as the psychological effects of lower home prices, and in
the level of repairs, remodeling, and additions to existing homes, as
well as a general reduction in commercial building activity; (ii)
secure, develop, and otherwise implement new technologies and processes
designed to enhance our efficiency and competitiveness; (iii) attract,
train, and retain highly-qualified associates; (iv) manage our business
effectively as we adapt our traditional operating model to meet the
changing expectations of our customers; (v) to maintain, improve,
upgrade and protect our critical information systems; (vi) respond to
fluctuations in the prices and availability of services, supplies, and
products; (vii) respond to the growth and impact of competition; (viii)
address changes in existing or new laws or regulations that affect
consumer credit, employment/labor, trade, product safety,
transportation/logistics, energy costs, health care, tax or
environmental issues; and (ix) respond to unanticipated weather
conditions that could adversely affect sales. In addition, we could
experience additional impairment losses if the actual results of our
operating stores are not consistent with the assumptions and judgments
we have made in estimating future cash flows and determining asset fair
values. For more information about these and other risks and
uncertainties that we are exposed to, you should read the "Risk Factors"
and "Critical Accounting Policies and Estimates" included in our Annual
Report on Form 10-K to the
The forward-looking statements contained in this news release are based
upon data available as of the date of this release or other specified
date and speak only as of such date. All subsequent written and oral
forward-looking statements attributable to us or any person acting on
our behalf about any of the matters covered in this release are
qualified by these cautionary statements and the “Risk Factors” included
in our Annual Report on Form 10-K to the
With fiscal year 2012 sales of
Source: Lowe’s
Lowe’s Companies, Inc. |