The Latest Breaking News from Lowe

Lowe's Companies Inc (NYSE:LOW) board of directors has increased the quarterly cash dividend by 31% to $1.05 from the previous quarterly dividend of $0.80 per share. The dividend is payable on August 3, 2022, to shareholders of record as of July 20, 2022. Lowe's has paid a cash dividend every quarter since going public…

WASHINGTON — Activist shareholders, seeking to galvanize support following a leaked Supreme Court draft opinion indicating that justices are poised to overturn Roe v. Wade, are pressing companies to explicitly explain how they will support their workers’ access to abortion and reproductive health services.

A broad swath of retail stocks imploded on Wednesday, led by Walmart and Target, after both chains reported earnings.

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Lowe's Companies Inc (NYSE:LOW) reported a first-quarter FY22 sales decline of 3% year-on-year to $23.66 billion, marginally missing the consensus of $23.76 billion. Comparable sales decreased 4%. Comparable sales for the U.S. home improvement business fell 3.8%. EPS of $3.51 beat the consensus of $3.23. Gross profit declined 1% Y/Y to $8.05 billion,…

Lowe's Companies Inc (NYSE: LOW) shares are trading lower Wednesday after the company announced mixed financial results. 

The Dow Jones Industrial Average sold off Wednesday, as Target stock plunged 25% on weak earnings results.

The Dow Jones rose as Powell noted his continued support for interest rate increases until prices start falling back toward healthy levels.

Lowe's earnings beat views early Wednesday but revenue fell short. On Tuesday, Home Depot earnings and sales defied estimates for a decline.