Lowe’s Statistics and Facts (2023)
Last Updated on: January 8th, 2023
Here are a few of the most interesting Lowe’s statistics and facts I was able to dig up including store count, revenue totals and employee counts. As always, be sure to check back in the future as I will be updating this post as new and updated stats become available.
Lowe’s Facts
Here is pretty much everything you ever wanted to know about Lowe’s.
- Website: Official Website
- Year Founded: 1946
- Headquarters: Mooresville, NC
- Founder(s): Carl Buchan and Lucius Smith Lowe
- Current Chief Executive: Marvin Ellison
- App Download (iOS)
- App Download (Android)
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 20 million customers a week in the United States and Canada. With fiscal year 2020 sales of nearly $90 billion, Lowe’s and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ over 300,000 associates. Based in Mooresville, N.C., Lowe’s supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. (source)
Lowe’s Store Count
Number of Lowe’s stores:
- 2021: 1,971 stores
- 2020: 2,204 stores
- 2019: 2,220 stores
- 2018: 2,015 stores
- 2017: 2,152 stores
- 2016: 2,129 stores
- 2015: 1,857 stores
- 2014: 1,840 stores
- 2013: 1,832 stores
- 2012: 1.754 stores
- 2011: 1,745 stores
- 2010: 1,749 stores
- 2009: 1,710 stores
- 2008: 1,649 stores
- 2007: 1,534 stores
- 2006: 1,385 stores
- 2005: 1,234 stores
Lowe’s Revenue Totals
Lowe’s net sales (annual):
- 2021: $96.250 billion
- 2020: $89.597 billion
- 2019: $72.148 billion
- 2018: $71.309 billion
- 2017: $68.619 billion
- 2016: $65.017 billion
- 2015: $59.074 billion
- 2014: $56.223 billion
- 2013: $53.417 billion
- 2012: $50.521 billion
- 2011: $50.208 billion
- 2010: $48.815 billion
- 2009: $47.220 billion
- 2008: $48.230 billion
- 2007: $48.283 billion
- 2006: $46.927 billion
- 2005: $43.243 billion
- 2004: $36.464 billion
- 2003: $30.838 billion
Lowe’s net earnings (annual):
- 2021: $8.442 billion
- 2020: $5.835 billion
- 2019: $4.281 billion
- 2018: $2.3 billion
- 2017: $3.4 billion
- 2016: $3 billion
- 2015: $2.5 billion
- 2014: $2.6 billion
- 2013: $2.2 billion
- 2012: $1.9 billion
- 2011: $1.8 billion
- 2010: $2 billion
- 2009: $1.7 billion
- 2008: $2.1 billion
- 2007: $2.8 billion
- 2006: $3.1 billion
- 2005: $2.7 billion
- 2004: $2.1 billion
- 2003: $1.8 billion
Lowe’s sales per square foot:
Last updated 1/1/18
Additional Lowe’s Statistics
Average number of weekly Lowe’s customers:
Last updated 3/3/21
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Please note that some of these numbers are easier to find than others. A few of these Lowe’s statistics come from their own reports, but some are based on news reports and not official company tallies. No information contained on DMR should be relied upon to make investment decisions. Basically, this is the best I can find and I don’t guarantee anything to be 100%.
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