Home Improvement Retail Robert Niblock

  • *Q1 adj EPS $0.87 vs est $0.85. *Net sales jump 7.8 pct to $15.23 bln vs est $14.87 bln. May 18- Home improvement chain Lowe's Cos Inc followed larger rival Home Depot Inc in reporting better-than-expected quarterly sales as strength in the U.S. housing market and favorable weather led to strong demand for building and home renovation products.

  • Feb 24- Home improvement chain Lowe's Cos Inc reported an increase in quarterly comparable sales that paled in comparison to those of rival Home Depot Inc, despite beating Wall Street expectations. Home Depot and Lowe's are benefiting from pent-up demand for houses after the 2008 financial crisis, while low interest rates and growth in jobs, wages and credit...

  • *Housing market improvement boosts results, forecast. Feb 24- Lowe's Cos Inc, the world's No.2 home improvement chain by market share, reported a better-than-expected rise in quarterly sales and forecast 2016 sales above estimates as it benefits from a steady improvement in the U.S. housing market. Lowe's said it expects sales for the current fiscal year, which...

  • Net sales rose 5.6 percent to $13.24 billion. "We capitalized on increased demand for exterior products as a result of warmer weather, while at the same time helped customers tackle interior projects, allowing us to deliver positive comps in all product categories," said Chief Executive Officer Robert Niblock. Lowe's net earnings fell to $11 million, or 1 cent per...

  • Feb 3- U.S. home improvement retailer Lowe's Companies Inc said it agreed to buy Canada's Rona Inc in a deal valued at C $3.2 billion, after its previous bid ran into opposition from the company, dealers and politicians in Quebec. Only 40 of Lowe's 1,850 stores in North America were located in Canada as of March. Rona has 700 stores across Canada, according to its...

  • Orchard Supply Hardware Stores has filed for Chapter 11 bankruptcy protection, with rival retailer Lowe's Companies set to buy the majority of its assets for $205 million in cash.

  • NEW YORK-- Lowe's is seeking to hire two senior level executives that could play a role in its CEO succession plan. The No. 2 home improvement retailer is looking for a chief merchandising officer and a head of supply chain, two positions left vacant since Lowe's reorganized in May.