Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Lowe's Companies, Inc.    LOW

LOWE'S COMPANIES, INC.

(LOW)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Lowe : Provides Additional Bonus To Support Associates, Increasing Pandemic Commitment To More Than $775 Million

10/08/2020 | 08:34am EST

MOORESVILLE, N.C.- Lowe's Companies, Inc. (NYSE: LOW) today announced it will provide an additional $100 million in discretionary bonuses to recognize front-line hourly associates for their continued service and support of Lowe's communities, bringing the company's total commitment to associates and communities during the pandemic to more than $775 million.

All active hourly associates in Lowe's U.S. stores, distribution centers and store support centers will receive the bonus on Oct. 16. Full-time hourly associates will receive $300, and part-time and seasonal associates will receive $150. The October bonus will match the funds Lowe's provided to all hourly associates in March, May, July and August.

'Throughout the spring, summer and now into fall, our front-line associates have shown remarkable resilience and dedication to our communities in the most trying times we have faced together,' said Marvin R. Ellison, Lowe's president and CEO. 'As we continue to provide extraordinary service to our customers throughout the pandemic, we are pleased to provide this additional bonus as a thank you to our associates for their perseverance and continued commitment to our customers.'

With this latest round of coronavirus relief, Lowe's will have provided more than $675 million in incremental financial support to associates this year. Along with the previous special payments and bonuses, Lowe's increased pay for full-time, part-time and seasonal associates by $2 per hour for the month of April. The company will also continue its longstanding tradition of closing stores on Thanksgiving to provide associates time off to recharge with their families.

Lowe's also has committed more than $100 million to support its communities during the pandemic, including $55 million in grants to provide much-needed financial relief to rural, minority-owned and women-owned small businesses. Additionally, Lowe's launched 'Making It...with Lowe's' to offer diverse small businesses across America the opportunity to pitch their products to Lowe's executives for a chance to be sold on Lowes.com and in Lowe's stores. To learn more about Lowe's community and associate support during COVID-19, visit newsroom.lowes.com.

About Lowe's

Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE 50 home improvement company serving approximately 18 million customers a week in the United States and Canada. With fiscal year 2019 sales of $72.1 billion, Lowe's and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ approximately 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.

Contact:

Steve Salazar

Lowe's Companies, Inc.

steve.j.salazar@lowes.com

(C) 2020 Electronic News Publishing, source ENP Newswire

All news about LOWE'S COMPANIES, INC.
12/01LOWE : Donates $1 Million in Christmas Trees this Holiday Season to Families Hit..
PR
11/25LOWE : Management's discussion and analysis of financial condition and results o..
AQ
11/18LOWE : Invites You to Listen to Its 2020 Investor Update Webcast
PR
11/18La-Z-Boy, Pfizer rise; Lowe's, PaySign fall
AQ
11/18La-Z-Boy, Pfizer rise; Lowe's, PaySign fall
AQ
11/18Home Depot Starts Looking Better Equipped Than Lowe's -- Heard on the Street
DJ
11/18Home Depot Starts Looking Better Equipped Than Lowe's -- Heard on the Street
DJ
11/18GLOBAL MARKETS LIVE: Boeing, Target, Apple…
11/18BOEING, PFIZER, LOWE'S : What to Watch When the Stock Market Opens Today
DJ
11/18LOWES COMPANIES INC : Results of Operations and Financial Condition, Financial S..
AQ
More news
Financials (USD)
Sales 2021 88 342 M - -
Net income 2021 6 101 M - -
Net Debt 2021 20 496 M - -
P/E ratio 2021 19,0x
Yield 2021 1,51%
Capitalization 110 B 110 B -
EV / Sales 2021 1,48x
EV / Sales 2022 1,54x
Nbr of Employees 260 000
Free-Float 99,9%
Chart LOWE'S COMPANIES, INC.
Duration : Period :
Lowe's Companies, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LOWE'S COMPANIES, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 31
Average target price 183,00 $
Last Close Price 150,00 $
Spread / Highest target 40,0%
Spread / Average Target 22,0%
Spread / Lowest Target -6,67%
EPS Revisions
Managers
NameTitle
Marvin R. Ellison President, Chief Executive Officer & Director
Richard W. Dreiling Independent Chairman
David M. Denton Chief Financial Officer & Executive Vice President
Seemantini Godbole Chief Information Officer & Executive VP
Ralph Alvarez Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
LOWE'S COMPANIES, INC.25.25%109 908
THE HOME DEPOT, INC.20.89%284 212
KINGFISHER PLC23.87%7 613
HOME PRODUCT CENTER-6.88%6 494
SIAM GLOBAL HOUSE PUBLIC COMPANY LIMITED15.76%2 611
SHIMACHU CO., LTD.84.04%2 053