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Lowe’s Fireside Chat Hosted by Oppenheimer - Transcript

US retailers, including Target, Walmart, Home Depot and Lowe's, struggle to calibrate inventory levels; unexpected spending shift towards experiences instead of goods led to high inventory of kitchen appliances, TVs and outdoor furniture, says Target CEO

Lowe's shareholders vote in favor of proposal calling for report on racial, gender wage gaps; ESG measures that failed to pass include report on risks of state policies restricting reproductive health care, civil-rights and nondiscrimination audit

Bank of America data show rising millennial homeownership, suggesting potential for lots of DIY projects in coming months, which could be favorable for Home Depot, Lowe’s; survey finds 80% of millennials prefer older homes in need of work to save money

Lowe’s CEO says pandemic 'forever' redefined the home, which for many now doubles as a workspace, driving different kind of home spend; high consumer savings, aging housing, home price appreciation, robust demand also continue to bolster home spend

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