Investment Rating - The report initiates an "Outperform" rating for Lowe's [1][5][81] Core Insights - Lowe's is the world's second-largest home improvement retailer, with over 1,900 stores in the U.S. and Canada, offering a wide range of products to meet DIY and professional customer needs [6][13] - The U.S. home improvement market reached 1trillionin2022,withlong−termgrowthpotentialdrivenbyfactorssuchashousingprices,housingage,andpercapitadisposableincome[23][27]−Thecompanyhasastrongcompetitivepositioninhomeappliancesandoutdoorcategories,supportedbyadifferentiatedbrandstrategyandarobustsupplychain[11][38][65]FinancialSummary−Revenueprojectionsfor2024−2026are83.3 billion, 84.3billion,and87.4 billion, with year-on-year changes of -3.5%, 1.2%, and 3.6% respectively [3][81] - Net income estimates for the same period are 6.8billion,6.9 billion, and 7.5billion,withyear−on−yearchangesof−11.471.3 billion to $97 billion, with a CAGR of 3.90% [70] - The company has maintained a stable gross margin, with net profit increasing significantly during the same period [70][71]
Lowe's(LOW) 兴业证券·2025-03-06 05:14