Lowe's Companies, Inc.
name
Lowe's Companies, Inc.
id
LOW
summary
Lowe's Companies, Inc. is an American retail company specializing in home improvement. Headquartered in Mooresville, North Carolina, it operates a chain of retail stores in the United States. As of 2022, Lowe's and its related businesses operated 2,181 home improvement and hardware stores in North America. It is the second-largest hardware chain in the U.S. and the world, behind The Home Depot. Lowe's was founded in 1921 in North Wilkesboro, North Carolina, by Lucius Smith Lowe. After his death, the company was inherited and sold within the family until it was incorporated as Lowe's Companies Inc. in 1961. Lowe's has expanded nationally and internationally, with stores in the United States, Canada, and Mexico, although it has exited the Australian, Mexican, and Canadian markets in recent years. The company reported revenues of US$86.38 billion and a net income of US$7.726 billion in 2023. Lowe's is known for its wide range of products for home improvement, including appliances, tools, and construction materials, and has a significant focus on DIY consumers.
industry
Retail
founded
March 25, 1921
headquarters
Mooresville, North Carolina, United States
number_of_locations
1,746 (2024)
key_people
Marvin R. Ellison (President, Chairman, & CEO), Brandon Sink (CFO)
products
Home appliances, tools, hardware, electrical supplies, builders hardware, lumber, building materials, ceiling fans, lighting, paint, plumbing, flooring, doors, windows, wood stain, wallpapers, garden supplies, plants, housewares, furniture, home decor, bedding and curtains
revenue
US$86.38 billion (2023)
operating_income
US$11.56 billion (2023)
net_income
US$7.726 billion (2023)
total_assets
US$41.79 billion (2023)
total_equity
US$−15.1 billion (2023)
number_of_employees
284,000 (2024)
subsidiaries
Central Wholesalers, Maintenance Supply Headquarters
website
lowes.com