Lowe's Companies Inc

NYSE:LOWUnited States

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• DJ Lowe's 1Q Performance Was Best in the West -- Market Talk, from 59 minutes ago by Dow Jones

  59 minutes ago by Dow Jones
  Companies Mentioned: LOW
  
  1057 ET - Lowe's notched its best regional performance in 1Q come from the Western U.S., says Joe McFarland, executive vice president of stores, on a call with analysts. He says markets that saw the best weather during the quarter generated the best performance. CFO Brandon Sink notes that the performance from its professional customer cohort, which make up about a quarter of overall sales, was consistent across all regions. CEO Marvin Ellison adds that the company's rural locations were its best performing subset of stores in 1Q, while the western markets outperformed overall. (dean.seal@wsj.com)
  

• DJ Lowe's Shows Home Improvement Spending May Be Nearing Bottom -- Market Talk, from 1 hour ago by Dow Jones

  1 hour ago by Dow Jones
  Companies Mentioned: HD, LOW
  
  1032 ET - Home improvement spending may be getting closer to a bottom as the rate of Lowe's comparable sales declines continued to ease in 1Q, M Science analyst John Tomlinson says in a note. Same-store sales were down 4.1%, beating analyst forecasts for a 5.6% decline and an improvement from a 6.2% drop in 4Q and 7.4% decline in 3Q. Unlike its rival Home Depot, Lowe's logged stronger quarterly results that topped analyst expectations in part from gains in its professional-customers channel, though spending on big-ticket items remains under pressure, the analyst says. Shares slide 3.1% to $222.12. (dean.seal@wsj.com)
  

• DJ Lowe's Above-Consensus Sales Balanced Below-Consensus Margin -- Market Talk, from 2 hours ago by Dow Jones

  2 hours ago by Dow Jones
  Companies Mentioned: HD, LOW
  
  0952 ET - Lowe's reports gross margins in 1Q that were below consensus, but the retailer's better-than-expected sales during the quarter kept profits in line with the consensus estimate, DA Davidson analyst Michael Baker says in a research note. On the margin side, it's a tough look for Lowe's, which had been narrowing its margin gap with rival Home Depot for the past several years only for the gap to widen in 1Q, the analyst says. Still, the sales decline was lighter than expected and guidance was reiterated, Baker says. Lowe's is off 1.4% in early trading.(dean.seal@wsj.com)
  

• DJ Stocks to Watch Tuesday: Palo Alto Networks, Lowe's, Coinbase -- WSJ, from 2 hours ago by Dow Jones

  2 hours ago by Dow Jones
  Companies Mentioned: LOW, PANW, PTON, XPEV
  
  By Angus Berwick
  
  XPeng (XPEV): The Chinese EV maker reported a narrower net first-quarter loss and guided for higher second-quarter deliveries. Its American depositary receipts rallied 9% after the market open.
  

• Sector Update: Consumer Stocks Steady Pre-Bell Tuesday, from 2 hours ago by MT Newswires

  2 hours ago by MT Newswires
  Companies Mentioned: M, LOW, XLP, XLY, JD
  09:16 AM EDT, 05/21/2024 (MT Newswires) -- Consumer stocks were steady pre-bell Tuesday, with the Consumer Staples Select Sector SPDR Fund (XLP) gaining 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) inactive. JD.com (JD) shares w...