Lowe's Companies is a leading home improvement company serving more than 18 million customers a week in the U.S. and Canada.
It operates through 2,200 home improvement hardware stores across 50 U.S. states. The U.S. market is Lowe’s most predominant market, accounting for more than 90% of its consolidated sales with other countries making up the rest.
With more than seven decades of existence, Lowe’s Companies has built a large customer base and product portfolio consisting of 36,000 items. The company's retail customers consist of individual homeowners and renters while professional customers are construction and maintenance companies.
Lowe’s offers a wide selection of home improvement products ranging from lumber and building materials to fashion fixtures, tools and hardware and rough plumbing and electrical to lawn and garden, flooring and kitchens. A strong brand recall, conveniently located stores and focus on customer service are Lowe’s major competitive strengths.
The company has been raising its dividend every year since it went public in 1961.