Lowe's sells Canadian retail business to Sycamore Partners for $400M

LOWES COMPANIES INC

Sale price $400M cash plus performance-based deferred consideration; buyer Sycamore Partners.
Canadian retail operates ~450 stores under RONA, Lowe's Canada, Réno-Dépôt, Dick's Lumber.
Business represents ~7% of FY2022 sales and 60 bps dilution on operating margin.
Lowe's will record ~$2.0B pre-tax non-cash impairment charge in Q3 2022.
Transaction expected to close early 2023; reaffirms FY2022 outlook excl. impairment/deal costs.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.