Lowe's Continues to Extract Operating Efficiencies, Placing Profit Margins on Upward Trajectory

Lowe's is the second-largest home improvement retailer globally, set to capture $90 billion in sales in 2023. With continued focus on retail fundamentals (merchandising excellence, operational efficiency, supply chain improvements, and customer engagement), Lowe's has been able to better leverage costs while maintaining its low-cost position. The firm retains some of the cost savings it achieves and passes the rest on to its customers through everyday low prices. These competitive advantages support our wide economic moat rating.