Lowe’s Companies, Inc. (LOW) Stock Forecasts

Summary

Lowe’s is the world’s second-largest home improvement retailer, with sales of $72 billion in FY20. Based in Mooresville, North Carolina, the company operated 1,977 home improvement and hardware stores in the U.S., and Canada at the end of FY20. Retail selling space was 208 million square feet. Home D‚cor, which includes appliances and paint, was the biggest merchandise division at 36% of FY20 sales. Building Products, including lumber, was 32%; Hardlines, including tools, seasonal, and lawn & garden, was 29%; Other categories represented 3% of sales. About 75% of sales are to individuals and 25% are to maintenance, repair, operations and construction professionals. The states with more than 100 stores at the end of FY20 were Texas, Florida, North Carolina and California. Online sales were 5% of the company’s total in FY20 and rose to 8% in 2Q21.

The company’s fiscal year ends on the Friday closest to the end of January. Based on the fiscal calendar, FY17 had a 53rd week, which happens about every five years.

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