Lowe's Companies, Inc. is a Fortune 50 company and the world's second-largest home improvement retailer. As of February 2, 2024, Lowe's operated 1,746 home improvement stores and outlets in the United States, representing approximately 195 million square feet of retail selling space. The company's common stock is listed on the New York Stock Exchange under the ticker symbol "LOW." Lowe's serves both Pro customers (tradespeople, repair and remodelers, and property managers) and DIY customers, offering a wide range of products for construction, maintenance, repair, remodeling, and decorating across various categories. Lowe's competes with national and regional home improvement chains, lumber yards, traditional hardware stores, online retailers, and other specialty retailers. Key competitive factors include store locations, product assortment, pricing, and customer service, with increasing emphasis on omnichannel capabilities.

• Employees: Approximately 284,000 (168,000 full-time, 116,000 part-time) as of February 2, 2024
• Geographic Footprint: Primarily United States
• Number of locations/facilities: 1,746 stores and outlets, plus over 120 supply chain facilities
• Headquarters: Mooresville, North Carolina
• Founded: 1921
• Revenue (FY2023): $86.377 billion
• Market Capitalization: $129.9 billion (as of August 4, 2023)
• Key Subsidiaries or Brands: RONA, Lowe's Canada, Réno-Dépôt, Dick's Lumber (Canadian operations sold in FY2023), Kobalt, STAINMASTER, allen + roth

• CEO: Marvin R. Ellison
• CFO: Brandon J. Sink
• Board Chairman: Marvin R. Ellison
• Other Key Executives: William P. Boltz (EVP, Merchandising), Janice M. Dupré (EVP, Human Resources), Seemantini Godbole (EVP, Chief Digital and Information Officer), Joseph M. McFarland III (EVP, Stores), Juliette W. Pryor (EVP, Chief Legal Officer and Corporate Secretary), Margrethe R. Vagell (EVP, Supply Chain), Quonta D. Vance (EVP, Pro and Home Services)

• Annual Revenue (FY2023): $86.4 billion
• Net Income (FY2023): $7.7 billion
• Market Capitalization: $129.9 billion (as of August 4, 2023)
• Total Assets (FY2023): $41.8 billion
• Number of Employees (FY2023): Approximately 284,000
• Key Financial Highlights (FY2023): Comparable sales decreased 4.7%, Net income increased 20% YoY, Diluted EPS increased 29.8% YoY

Lowe's offers a complete line of products for home improvement needs, including construction, maintenance, repair, remodeling, and decorating. Major product categories include:

• Appliances
• Seasonal & Outdoor Living
• Lumber
• Lawn & Garden
• Kitchens & Bath
• Hardware
• Building Materials
• Millwork
• Paint
• Rough Plumbing
• Tools
• Electrical
• Flooring
• Décor

Lowe's also offers installation services through independent contractors, extended protection plans (Lowe's Protection Plans), and repair services.

Lowe's operates as a single reportable segment, focusing on home improvement retail.

Lowe's Total Home strategy aims to provide a full complement of products and services for both Pro and DIY customers. The strategy's five pillars are:

• Drive Pro penetration: Expanding Pro brands, tailoring assortments, and enhancing loyalty programs.
• Accelerate online business: Investing in omnichannel retail capabilities.
• Expand installation services: Improving visibility and customer experience for installation services.
• Drive localization: Tailoring product assortments to local needs and preferences.
• Elevate assortment: Offering the right products at the right price.

Lowe's also prioritizes Perpetual Productivity Improvement (PPI) initiatives to control costs and enhance operational efficiency.

Lowe's operates in the highly fragmented home improvement retail industry. Key market trends include strong millennial household formation, the persistence of remote work, and increasing customer expectations for online and omnichannel experiences. Major competitors include other national and regional home improvement chains, lumber yards, and online retailers.

• Changing customer preferences and shopping habits
• Intense competition in the home improvement retail market
• Supply chain disruptions and related risks
• Data security breaches and cybersecurity threats
• Economic downturn and changes in consumer spending