CHARLOTTE, N.C., May 5, 2025 /PRNewswire/ -- Lowe's today launches Mylow Companion, an AI tool aimed at improving customer service and speeding associate onboarding. Purpose-built for associate sales floor devices, the app provides fast access to product details, project advice, and inventory information. The launch to all associates across Lowe's more than 1,700 stores marks the first time a retailer has successfully implemented this kind of technology at scale.
Designed exclusively for Apple Vision Pro, Lowe's Style Studio™ empowers customers to visualize and experience a kitchen refresh in minutes at five Bay Area stores starting April 26
CHARLOTTE, N.C., April 25, 2025 /PRNewswire/ -- Beginning Saturday, April 26, Lowe's stores in northern California will offer free appointments for Lowe's Style Studio™, an immersive 3D experience that lets customers design and "try on" their dream kitchen using Apple Vision Pro, changing the colors, styles, and features around them in real time. Lowe's Style Studio™ combines spatial computing with home improvement, giving customers the ultimate confidence of experiencing their dream kitchen—or a smaller project like a new sink or wall color —before actually renovating it.
Lowe's associates use symbolic store re-opening to call on help across the country to #BuildThanks in honor of all who have helped rebuild communities in the wake of disasters
MOORESVILLE, N.C., April 22, 2025 /PRNewswire/ -- As Lowe's prepares to reopen its East Asheville store, which was heavily damaged by Hurricane Helene, the company's red vest associates are calling on communities nationwide to help share one million thank yous by May 2 to #BuildThanks for those who are helping communities across the nation rebuild after disasters.
Culmination of Six Year Period of Growth and Strategic Expansion in Partnership with Sterling
HOUSTON, April 14, 2025 /PRNewswire/ -- The Sterling Group ("Sterling"), a middle market private equity firm, announced today that it has agreed to sell Artisan Design Group ("ADG" or the "Company") to Lowe's Companies, Inc. (NYSE: LOW) for $1.325 billion. ADG is a leading nationwide provider of design, distribution and installation services for interior surface finishes, including flooring, cabinets and countertops, to national, regional, and local homebuilders and property managers.
MOORESVILLE, N.C. and DALLAS, TEXAS, April 14, 2025 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today announced it has entered into a definitive agreement to acquire Artisan Design Group ("ADG") for $1.325 billion.
ADG is a leading nationwide provider of design, distribution and installation services for interior surface finishes, including flooring, cabinets and countertops, to national, regional and local homebuilders and property managers. Through a combination of organic growth and a series of targeted acquisitions that extended its capabilities and footprint, ADG has built an industry leading position. With fiscal 2024 revenue of approximately $1.8 billion, a national network of over 3,200 specialized installers and long-standing relationships with single-family and multifamily homebuilders as well as property managers, ADG will expand Lowe's Pro offering into a new distribution channel within a highly fragmented, approximately $50 billion market.
Lowe's leverages MyLowe's Rewards with in-game content that will roll out across EA SPORTS FC™,Madden NFL and College Football
Plus, Lowe's is building brand fandom with soon-to-come "On the Road" gaming experience that willbring Madden NFL to fans across the country in real life
CHARLOTTE, N.C., April 11, 2025 /PRNewswire/ -- Lowe's is collaborating with EA SPORTS™ to be featured in multiple EA SPORTS titles for the first time, including EA SPORTS FC™, Madden NFL and College Football. This collaboration significantly expands Lowe's presence in the digital gaming space, positioning the brand and its loyalty platform, MyLowe's Rewards, at the forefront of immersive fan experiences across multiple platforms and sports communities.
The investment expands its commitment to critical home repair for veterans, temporary housing and skilled trades education
MOORESVILLE, N.C., March 27, 2025 /PRNewswire/ -- Recovering from the destruction left in the wake of Hurricane Helene remains an uphill challenge for many communities in Western North Carolina, even six months after landfall. As a part of Lowe's commitment to help communities in need, Lowe's today announced a $2 million investment to continue its support of disaster recovery efforts, including an additional $1 million to build temporary homes that are urgently needed in some of the most rural parts of Lowe's home state.
TROY, Mich., March 24, 2025 /PRNewswire/ -- Lowe's recent report has investors wondering if the company's stock is overvalued. Or is it in the buy range? As such, the Editorial Advisory and Securities Review Committee of BetterInvesting Magazine considers Lowe's Cos. (NYSE: LOW) as worthy of further study and has named the company its "Stock to Study" for the June/July 2025 double issue for investors' informational and educational use.
The fundamental data is eye-opening; investors can view Lowe's sales, earnings, pre-tax profit, return on equity, and more all on one page, courtesy of the National Association of Investors, at: https://ssg.betterinvesting.org/trial/ssgplus/?ticker=LOW.
MOORESVILLE, N.C., March 21, 2025 /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 May 7, 2025, to shareholders of record as of April 23, 2025.
About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2024 sales of more than $83 billion, Lowe's operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Lowes.com.
Homeowners and Pros alike can enjoy great savings store and sitewide – MyLowe's Rewards and MyLowe's Pro Rewards members will find additional member-only doorbuster deals and additional points boosters
MOORESVILLE, N.C., March 18, 2025 /PRNewswire/ -- With warmer weather and longer days approaching, homeowners across the country are ready to tackle home and garden projects big and small this spring season. Lowe's knows just how to help with the spring's BEST deals, exclusive products and brands and free loyalty member perks for both the homeowner and Pro. As the "springtime feeling" continues to inspire, Lowe's is empowering homeowners to tackle to-do lists and Pros to get their jobs done with the right tools and right help at the right time.
Customers can now make a free in-store appointment to visualize their dream kitchen using Lowe's first-to-market experience
CHARLOTTE, N.C., March 10, 2025 /PRNewswire/ -- Lowe's today announces the launch of Lowe's Style Studio™ for Apple Vision Pro in five stores across Austin, Texas, and its metro area. The breakthrough app, developed by Lowe's, allows customers to visualize and design a dream kitchen within an immersive, 3D experience.
Customers can now "ask Mylow" home improvement questions with real-time answers from the palm of their hand
MOORESVILLE, N.C., March 5, 2025 /PRNewswire/ -- Today, Lowe's is introducing the newest member of its team: Mylow. Designed to help customers navigate the many questions that come with owning a home from project know-how, to how-to advice to top-rated product searches and more -- Mylow joins Lowe's team of approximately 300,000 friendly and knowledgeable associates who are committed to unmatched customer service and making Lowe's the most assistive brand in home improvement.
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 construction alone, average hourly earnings have risen 4.4%, according to Associated Builders and Contractors.
— Comparable Sales Increased 0.2% —— Diluted EPS of $1.99; Adjusted Diluted EPS1 of $1.93 —— Provides Full Year 2025 Outlook —
MOORESVILLE, N.C., Feb. 26, 2025 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.1 billion and diluted earnings per share (EPS) of $1.99 for the quarter ended Jan. 31, 2025, compared to diluted EPS of $1.77 in the fourth quarter of 2023. During the fourth quarter, the company recognized a $80 million pre-tax gain associated with the 2022 sale of the Canadian retail business. This positively impacted fourth quarter diluted EPS by $0.06. Excluding this gain, fourth quarter 2024 adjusted diluted EPS1 was $1.93.
MOORESVILLE, N.C., Feb. 19, 2025 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announced today that it will hold its Fourth Quarter & Fiscal 2024 Earnings Conference Call at 9 a.m. Eastern time on Wednesday, Feb. 26. A webcast will be available by visiting the Quarterly Earnings section of the Lowe's Investor Relations website, ir.lowes.com. Supplemental materials will be available 15 minutes before the start of the conference call.
Pro loyalty members now earn the same points toward MyLowe's Money and get access to Member Only Deals as Homeowner loyalty members PLUS added perks
MOORESVILLE, N.C., Feb. 18, 2025 /PRNewswire/ -- One year after launching the MyLowe's Rewards program for homeowners, Lowe's has updated its existing MVPs Pro Rewards & Partnership Program to become MyLowe's Pro Rewards™*. The free program saves Lowe's Pros valuable time and money, with earned points that can be redeemed for MyLowe's Money^**, member deals and more.
The program to award $10 million to improve community spaces – from nonprofit, veteran and first responder facilities, to community centers and parks – with a helping hand from red vest associates
MOORESVILLE, N.C., Jan. 27, 2025 /PRNewswire/ -- Lowe's today announced the company is accepting project nominations for Lowe's Hometowns, its five-year, $100 million commitment to community revitalization. Lowe's will award $10 million in grants to fund 100 renovations and complete an additional 1,700 improvement projects selected by its associates this year.
The company continues to deploy relief supplies to support first responders and area nonprofits
MOORESVILLE, N.C., Jan. 14, 2025 /PRNewswire/ -- Lowe's is donating $2 million to support relief and recovery efforts in response to the unprecedented wildfires in Southern California as a part of the company's commitment to supporting communities before, during and after disasters. Lowe's donation will assist first responders and nonprofits that are responding to critical needs like supporting evacuations, emergency shelter and distributing urgently needed supplies like water, N95 masks, air purifiers, ash sifters and storage.
Updates Long-Term Financial Targets
MOORESVILLE, N.C., Dec. 11, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) is hosting its 2024 Analyst and Investor Conference today to provide an update on its key growth and productivity initiatives and near-term and long-term financial targets. A live video webcast will be available on ir.lowes.com beginning at 8 a.m. Eastern time.
"As we look ahead to the expected recovery in home improvement, we are making investments to position the company for long-term growth. We are evolving our Total Home strategy to help solve our customers' total home improvement needs with more value and exceptional service," said Marvin R. Ellison, Lowe's chairman, president and CEO. "By leveraging leading technology solutions, we're creating a best-in-class omnichannel shopping experience for all generations of homeowners. At the same time, we're building on our momentum with Pros now that we've reached 30% Pro penetration."
MOORESVILLE, N.C., Nov. 19, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announced today that it will hold its 2024 Analyst and Investor Conference at 8 a.m. Eastern time on Wednesday, Dec. 11 in New York City. The company will provide updates on key growth initiatives and near-term and long-term financial targets.
A webcast will be available by visiting the Events & Presentations section of the Lowe's Investor Relations website, ir.lowes.com. Supplemental materials will be available at 6 a.m. ET the morning of the event.
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