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Stock impact report

Lowe's looks to pro loyalty program to drive higher spend [Yahoo! Finance]

Lowe's Companies, Inc. (LOW) 
Last lowe's companies, inc. earnings: 2/26 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Lowe's is focused on improving the experience for professional contractors and online shoppers to accelerate sales, executives said on a Q1 2025 earnings call Wednesday. Pro sales and digital sales were bright spots in its earnings. Both saw mid-single-digit growth, which offset comparable sales decline of 1.7% year over year, according to an earnings report “We feel great about our pro business,” CEO Marvin Ellison said. “And we also are really pleased with the adoption of our updated pro loyalty program, MyLowe's Pro Rewards, the ease of use and also the number of new customers that are joining the platform.” Lowe's is courting professional contractors and strengthening its online experience to bolster its bottom line. The retailer reported net earnings of $1.6 billion, according to an earnings report. Executives attributed the decline in comparable sales to the pullback in discretionary spending by DIY customers and bad weather early in the quarter. “Despite ongoing chal Show less Read more
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