Lowe's Companies

Lowe's is rolling out a drone delivery service in partnership with DoorDash and Alphabet's Wing, offering access to over 100 items with delivery windows as fast as 20 minutes. A pilot is live in Matthews, North Carolina, where drones carry roughly 2.5-pound orders within a five-mile radius; customers can order via DoorDash when eligible. Lowe's says the service targets convenience for DIY and pro shoppers and may expand if tests succeed, while noting regulatory, noise and privacy considerations as it works with partners to meet standards. » More on cnbc.com

Lowe’s says it is gaining market share through digital tools, store execution and the acquisitions of Artisan Design Group and Foundation Building Materials, even though the US housing market remains weak in the near term. The company reports five consecutive quarters of positive same-store sales growth and digital sales growth of more than 15% in two consecutive quarters. The acquisitions provide access to roughly $250 billion in market potential in residential and commercial construction; margins could be slightly diluted in the short term, while Lowe’s expects margin expansion and productivity gains over the long term from AI and fulfillment optimizations. Management’s priorities are disciplined investment, debt reduction, continuation of the dividend and resumption of share buybacks once the leverage target is reached. » More on de.investing.com

Lowe’s shares hit a new 52-week low of $199.20 and are down about 25.09% year-to-date. Market capitalization is $111.92 billion with a P/E ratio of 16.97; the dividend has been raised for 43 consecutive years and yields 2.49%. Lowe’s slightly beat Q2 expectations (adjusted EBITDA +2.8%, adjusted EPS +3.8%, including an $80 million tariff refund), but cut its guidance for comparable-store sales to flat. Analysts partly lowered price targets but largely maintained positive ratings with a consensus upside of about 26%, while a fair-value analysis classifies the stock as overvalued. » More on de.investing.com