Lowe's Companies Inc (Lowe’s) is a retailer of home improvement products. The company’s product portfolio includes kitchen appliances, building materials, tools and hardware, and lawn and garden. It also offers fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, paint, flooring, millwork and outdoor power equipment. Lowe’s offers various services on interior projects and exterior projects including installed sales, extended protection plans and repair services. It merchandises products through retail stores, online, on-site, and contact centers. Its online e-commerce portals include Lowes.com and LowesForPros.com. The company offers products under various private brand names such as Kobalt, allen+roth, Project Source, Utilitech, Reliabilt, and Harbor Breeze. It has business presence in Canada and the US. Lowe's is headquartered in Mooresville, North Carolina, the US.
Headquarters
United States of America
Address
1000 Lowes Blvd, Mooresville, North Carolina, 28117
Website
www.lowes.com
Telephone
1 704 7581000
No of Employees
200,000
Industry
Retailing
Ticker Symbol & Exchange
LOW (NYSE)
Revenue (2023)
$96.3B
7.4%
(2023 vs 2022)
EPS
XXX
Net Income (2023)
XXX
44.7%
(2023 vs 2022)
Market Cap*
$129.8B
Net Profit Margin (2023)
XXX
34.7%
(2023 vs 2022)
* As of and is in US$
Access premium data and analytics for Lowe's Companies Inc
Products and Services
| Products | Services | Brands |
|---|---|---|
| Appliances | Installed Sales | RONA |
| Lawn and Garden | Repair Services | Reno Depot |
| Electrical | Extended Protection Plans | StainMasters |
| XXX | XXX | |
| XXX | XXX | |
| XXX | XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Contracts/Agreements | In November, the company signed a definitive agreement to sell its Canadian retail business to Sycamore Partners. |
| 2022 | Contracts/Agreements | In November, the company entered into a partnership with Miele to offer an assortment of Miele dishwashers and laundry appliances in 149 Lowe's stores and online at Lowes.com. |
| 2022 | Contracts/Agreements | In September, the company entered into a partnership with Instacart to offer same-day delivery. |
Competitor Comparison
| Key Parameters | Lowe's Companies Inc | Walmart Inc | Amazon.com Inc | The Home Depot Inc | Best Buy Co Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Mooresville | Bentonville | Seattle | Atlanta | Richfield |
| State/Province | North Carolina | Arkansas | Washington | Georgia | Minnesota |
| No. of Employees | 200,000 | 2,300,000 | 1,608,000 | 490,600 | 105,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Marvin R. Ellison | Chairman; President; Chief Executive Officer | Executive Board | 2021 | 57 |
| Brandon Sink | Executive Vice President; Chief Financial Officer | Senior Management | 2022 | - |
| Dan Clayton Griggs, Jr. | Senior Vice President - Tax; Chief Accounting Officer | Senior Management | 2021 | - |
| Seemantini Godbole | Executive Vice President; Chief Information Officer | Senior Management | 2018 | 52 |
| Jeff R. Vining | Senior Vice President; Chief Compliance Officer; Deputy General Counsel | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
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