Summary

Lowe’s is the world’s second-largest home improvement retailer, with sales of $84 billion in FY25. Based in Mooresville, North Carolina, the company operated about 1,750 home improvement and hardware stores in the U.S. at the end of FY25. Retail selling space was 195 million square feet. Home Decor, which includes appliances and paint, was the biggest merchandise division at 37% of FY24 sales. Building Products, including lumber, was 31%; Hardlines, including tools, seasonal, and lawn & garden, was 29%; Other categories represented just under 3% of sales. About 75% of sales are to individuals and 25% are to maintenance, repair, operations and construction professionals. We will update these percentages after we review the annual report. The states with more than 100 stores at the end of FY24 were Texas, Florida, North Carolina and California. Stores stock about 40,000 items. Online sale