Lowe's Companies Inc (STU:LWE)

€ 257.2 -0.55 (-0.21%) Market Cap: 145.65 Bil Enterprise Value: 180.17 Bil PE Ratio: 22.72 PB Ratio: 0 GF Score: 83/100

Lowe's Companies Inc at Goldman Sachs Global Retail Conference (Virtual) Transcript

Sep 09, 2020 / 02:50PM GMT

Release Date Price: €130.14 (-1.02%)

Transcript

Katharine Amanda McShane

Goldman Sachs Group, Inc., Research Division - Equity Analyst

Good morning, everyone. Thank you again for joining us at the Goldman Sachs 27th Annual Global Retailing Conference. My name is Kate McShane. I cover the Hardline's and Broadline's retailers here. And it's my pleasure today to introduce members of the management team of Lowe's companies for our fireside chat.

Demand for home improvement remains very strong, while DIY outperformed during the pandemic, Pro accelerated in Q2. Lowe's noted August to date trends materially consistent with July, and they continue to be focused on investments in long-term productivity initiatives, supply chain enhancements, e-commerce capability transformation, improved inventory availability, along with other initiatives.

Today, we have with us Marvin Ellison, President and Chief Executive Officer of Lowe's. Marvin joined Lowe's in 2018, and has more than 30 years of leadership and operational experience in the retail industry. And we also have with us Dave Denton, Chief Financial Officer of Lowe's. He joined in 2018 and

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