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Lowe's Companies Inc - Stock Quote LOW

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Morningstar's Lowe's Companies Inc Stock Analysis

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1-Star Price

INVESTOR

5-Star Price

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Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Investment in Productivity Initiatives Facilitates Solid Profitability at Wide-Moat Lowe’s

Jaime M. Katz, CFA Senior Equity Analyst

Business Strategy and Outlook

| Jaime M. Katz, CFA |

Lowe's is the second-largest home improvement retailer globally, set to capture more than $97 billion in sales in 2022. With continued focus on retail fundamentals (merchandising excellence, operational efficiency, supply chain improvements, and customer engagement), Lowe's has been able to better leverage expenses while maintaining its low-cost position. The firm retains some of the cost savings it achieves and passes the rest on to its customers through everyday low prices. These competitive advantages support our wide economic moat rating.

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Lowe's Companies Inc's Company Profile

Business Description

Lowe's is the second-largest home improvement retailer in the world, operating 1,971 stores and servicing 230 dealer-owned stores throughout the United States and Canada. The firm’s stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers as well as commercial and professional business clients (around 25% of sales). We estimate Lowe's captures a low-double-digit share of the domestic home improvement market, based on U.S. Census data and management’s estimates for market size.

Contact
1000 Lowes Boulevard
Mooresville, NC, 28117
T +1 704 758-1000
Sector Consumer Cyclical
Industry Home Improvement Retail
Most Recent Earnings Apr 30, 2022
Fiscal Year End Jan 27, 2023
Stock Type Cyclical
Employees 340,000

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