Lowe’s is hosting its 2022 analyst and investor conference in New York City to provide an update on its key growth initiatives and long-term financial targets. The presentations include the company’s plans for growth across its five focus areas: deepening Pro penetration, accelerating its online business, expanding installation services, driving localization and elevating its product assortment. Additionally, the company is providing scenario planning details for its 2023 financial performance to offer increased transparency in an uncertain macroeconomic environment. The board of directors has authorized a new $15B common stock repurchase program. This new repurchase program has no expiration date and adds to the previous program’s balance, which was $6.4B as of December 6.
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