MELANY's data-driven read on Lowe's Companies Inc. · Retail-Lumber & Other Building Materials Dealers.
Lowe's is the second-largest home improvement retailer globally, operating 1,759 US stores after the 2023 sale of its Canadian locations. Its stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair making up two-thirds of products sold. Lowe's mainly serves do-it-yourself customers (about 70% of sales) and do-it-for-me customers, while its professional client base has grown to 30% from under 20% over seven years, set to expand further with the FBM acquisition.
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