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  • Previous Rank
    148
  • Revenues ($M)
    $65,017
  • Revenue Percent Change
    10.1%
  • Profits ($M)
    $3,093
  • Profits Percent Change
    21.5%
  • Assets ($M)
    $34,408
  • Employees
    240,000

Lowe’s made big strides in the Great White North last year thanks to the completion of its acquisition of Canadian retailer RONA. The deal helped the home improvement chain boost sales 10%. Lowe’s is trying to entice customers through an army of experts who will meet with customers in their homes to help with DIY projects. The company has benefited from the housing rebound, but not to the same extent as bigger rival Home Depot; in November it cut its profit forecast for the year on soft store traffic. Lowe’s also has not been immune to the forces turning the retail world upside down as more consumers make their purchases digitally. Last year it improved its website and in January shifted around employees’ jobs to better respond to customer needs.

Company Information

Figures are for fiscal year ended Jan. 31, 2017.
CEO
Robert A. Niblock
Sector
Retailing
Industry
Specialty Retailers
HQ Location
Mooresville, NC
Websitehttp://www.lowes.com
Years on Global 500 List20
Employees240,000
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Lowe’s Rank History

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Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$65,01710.1%
Profits ($M)$3,09321.5%
Assets ($M)$34,408-
Total Stockholder Equity ($M)$6,434-

Profit Ratios

Profit as % of Revenues4.8%
Profits as % of Assets9%
Profits as % of Stockholder Equity48.1%