Fox Business - The Power to Prosper
Search Site

Robert Niblock

Related Topics

  1. Julian Day
  2. Gary Kelly
  3. Howard Levine
  4. Paul Jacobs
  5. Greg Brown
  6. Mike Duke
Get updates on Robert Niblock
Lowe's 1st-Quarter Net Up 2.5%, But Results Miss Street Views

Lowe's Cos. (LOW) fiscal first-quarter earnings rose 2.5%, but revenue was almost flat as the home improvement chain struggled with the weather and its own restructuring.Same-store sales for the quarter fell 0.7%, with indoor products up by about 3% and outdoor products down about 7%.Earnings per share and revenue for Lowe's missed Wall Street expectations.Lowe's, as had Home Depot Inc. (HD) when reporting Tuesday, said outdoor merchandise sales were weakest in February and March and improved in April, the quarter's last month.Home Depot put up much better fiscal first-quarter results Tuesday, despite both experiencing the weather headwinds.Chief Executive Robert Niblock said Lowe's doesn't have as much a presence in Western states that had generally favorable weather. He also said Lowes does less business with professional contractors and "there is disruption" as the stores go through their remodels.Home Depot is also benefiting from starting transformational changes before the housin...

Read More ›

  1. Lowe's efforts to cut costs, spur sales paying off

    Lowe's Cos Inc's reported a higher-than-expected quarterly profit on Monday in a sign its efforts to cut costs and improve its selection of home improvement items is...

  2. UPATE: Lowe's Net Jumps 76% on Better Margin, Fewer Charges

    Lowe's Cos. (LOW) fiscal third-quarter earnings jumped 76%, lifting results above Wall Street expectations, as the home-improvement retailer's revenue edged up and c...

  3. Lowe's Generates 76% Leap in 3Q Net

    Lowe's (NYSE:LOW) posted a stronger-than-expected 76% surge in third-quarter profits on Monday as the home-improvement retailer benefited from fewer charges and shri...

  4. Lowe's quarterly sales, profit beat Wall Street views

    Lowe's Cos Inc's reported a higher-than-expected quarterly profit on Monday as preparation and rebuilding efforts tied to superstorm Sandy boosted business at the wo...

  5. Lowe's 3rd-Quarter Net Jumps 76% on Lower Costs, Fewer Charges

    Lowe's Cos. (LOW) fiscal third-quarter earnings jumped 76%, lifting results above Wall Street expectations, as the home-improvement retailer saw revenue edge up and ...

  6. Slow Pace of Lowe's Transformation Hurts Outlook

    Lowe's Cos. (LOW) said its transformation is taking longer than hoped to gain traction with customers and filter down to the bottom line, resulting in a weak fiscal ...

  7. Lowe's Cuts Outlook as Weak Same-Store Sales Push Profit Down

    Lowe's Cos. (LOW) fiscal second-quarter earnings fell 10% as sales at established stores returned to a decline, prompting another cut to the home-improvement retaile...

  8. Lowe's Reveals 10% Slump in 2Q Net, Cuts '12 View

    Slammed by shrinking same-store sales, Lowe's (NYSE:LOW) disclosed a deeper-than-expected 10% drop-off in second-quarter earnings on Monday, prompting the home-impro...

  9. Lowe's Second-Quarter Net Drops 10% on Weak Same-Store Sales

    Lowe's Cos.' (LOW) fiscal second-quarter earnings fell 10% as the home-improvement retailer saw its margins squeezed, while same-store sales declined slightly."Our r...

  10. Rona Rejects Lowe's $1.8B Takeover Bid

    Lowe's (NYSE:LOW) was publicly rebuffed on Tuesday by Canadian retailer Rona, which rejected the home-improvement giant's unsolicited $1.8 billion buyout bid.Quebec-...

  11. Lowe's Cuts '12 View, Overshadows 1Q Beat

    Lowe's (NYSE:LOW) beat the Street on Monday with a 14% jump in first-quarter profits, but the home improvement-retailer slashed its full-year earnings projections, s...

  12. Lowe's 1Q Net Up 14% On Warm Weather, Calendar Shift; Lowers Full Year Earnings View

    Lowe's Cos.' (LOW) fiscal first-quarter earnings rose 14% on a calendar shift and unusually warm weather, although the home-improvement retailer hinted the weather m...

  1. Lowe's Blames Bad Weather For 1Q Miss

    Lowe's (NYSE:LOW) logged a 2.5% rise in first-quarter profits on Wednesday, but the  home-improvement retailer's results trailed expectations and it forecasted below...

  2. Lowe's Net Up 2.5%, But Results Miss Street Views

    Lowe's Cos. (LOW) fiscal first-quarter earnings rose 2.5% as the home-improvement retailer reported slightly lower expenses, but revenue was almost flat and results ...

  3. Lowe's Posts 2.5% Rise In Profit, Misses Views

    Home-improvement retailer Lowe's Companies Inc. on Wednesday reported a 2.5% increase in first-quarter net earnings to $540 million, or 49 cents a share, from $527 m...

  4. Lowe's Initiatives Spur Improvement But Curb View

    Lowe's Cos. (LOW) reported another quarter of improvement as it continues some home renovations of its own.The do-it-yourself retail chain predicted initiatives like...

  5. Lowe's Profit Drops 11% as Revenue Declines

    Lowe's Cos. (LOW) fiscal fourth-quarter earnings sank 11% as the home-improvement retailer recorded weaker revenue, although same-store sales rose more than expected...

  6. Lowe's Names Jones Merchandising Chief, Filling Long-Vacant Post

    Lowe's Cos. (LOW) named an executive known for his sales, marketing and international expertise as its chief merchandising officer, a position long left vacant even ...

  7. Lowe's Shares Jump on Hints Transformation Gains Foothold

    Investors rejoiced as Lowe's Cos. (LOW) 76% earnings increase in the fiscal third quarter suggested its work transforming product assortment may be paying off, thoug...

‹ Prev12Next ›
Freebase CC-BY
Source: Robert Niblock on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL