Lowes Companies Inc (LOW) |
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Price: $214.7300
$-1.14
-0.528%
|
Day's High:
| $215.57
| Week Perf:
| 0.55 %
|
Day's Low: |
$ 210.42 |
30 Day Perf: |
6.85 % |
Volume (M): |
2,552 |
52 Wk High: |
$ 238.37 |
Volume (M$): |
$ 548,034 |
52 Wk Avg: |
$200.84 |
Open: |
$212.89 |
52 Wk Low: |
$170.12 |
|
|
Market Capitalization (Millions $) |
133,133 |
Shares
Outstanding (Millions) |
620 |
Employees |
320,000 |
Revenues (TTM) (Millions $) |
95,954 |
Net Income (TTM) (Millions $) |
6,686 |
Cash Flow (TTM) (Millions $) |
-2,929 |
Capital Exp. (TTM) (Millions $) |
1,687 |
Lowes Companies Inc
Lowe's Companies, Inc., is the world's second largest home improvement retailer,
with a specific emphasis on retail do-it-yourself (DIY) and commercial business
customers. Lowe's specializes in offering products and services for home
improvement, home decor, home maintenance, home repair and remodeling and
maintenance of commercial buildings.
Lowe's has one reportable industry segment - the operation of home improvement
retail stores. Lowe's serves both retail and commercial business customers.
Retail customers primarily consist of do-it-yourself homeowners, those
taking advantage of our installed sales programs and others buying for
personal and family use.
Commercial business customers include repair and remodeling contractors,
electricians, landscapers, painters, plumbers and commercial and residential
building maintenance professionals. Each Lowe's store caters to these customers
by combining the merchandise, sales and service of: a home fashions and
interior design center; a lawn and garden center; an appliance dealer; an outdoor
power equipment dealership; an outdoor grill and patio furniture specialty
shop; a hardware store; an air conditioning, heating, plumbing and electrical
supply center; a full-line lumber yard; and a building materials supplier.
Lowe's offers two proprietary credit cards - one for individual retail customers
and the other for commercial business customers.
Lowe's also has an agreement with a financial institution and is offering a
co-branded Visa credit card to selected customers through direct mail offers.
Lowe's commercial business customers can also make purchases on credit by
using Lowe's in-house accounts. In addition, Lowe's accepts Visa, MasterCard,
Discover and American Express credit cards.
The Company reaches target customers through a mixture of television, radio,
direct mail, newspaper, event sponsorships, Internet, community relations
and in-store programs. Each marketing initiative is based on understanding
current and prospective customers and their needs and expectations.
The Company has a strategic alliance with the HGTV network that allows
it to utilize a substantial portion of the commercial airtime in which
only the Company's and its vendors' commercials are aired. This is one of a
half dozen media partnership programs which the Company employs in an effort
to build the image and equity of the Lowe's brand, while complementing
the core media and marketing programs. Additionally, the Company hosts customer
hospitality events through its Team 48 NASCAR sponsorship, sponsors Lowe's
Motor Speedway, supports several of the major initiatives and programs
of the Home Safety Council and utilizes its proprietary credit programs to
drive customer traffic and purchases.
Competition
The home improvement retailing business is highly competitive. The principal
competitive factors are price, location, customer service, product and
brand selection and name recognition. The Company competes with a number
of traditional hardware, plumbing, electrical and home supply retailers, as
well as other chains of warehouse home improvement stores and lumber yards
in most of its market areas. In addition, the Company competes, with respect
to some of its products, with discount stores, mail order firms and warehouse
clubs.
Company Address: 1000 Lowes Blvd. Mooresville 28117 NC
Company Phone Number: 758-1000 Stock Exchange / Ticker: NYSE LOW
LOW is expected to report next financial results on March 20, 2023. |
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