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CLAIM #37893 · Lowe's Companies Inc (LOW) · 2022Q1 earnings call · May 18, 2022 · due Dec 31, 2022

improving our fulfillment capabilities will allow us to accelerate this growth and continue to gain market share.

Joseph McFarland · EVP Stores

PENDING
graded after results covering Dec 31, 2022 are reported

In context

anced features to the loyalty program in the coming months. Through this program, we are also gaining valuable insight about our Pro customers that will enable us to better anticipate and meet their project needs through our Pro CRM platform and allow us to continue to expand our share of wallet with these valuable customers. And we're expanding our Pro fulfillment capabilities with our new Pro fulfillment center in Charlotte, where we are stocking the top SKUs that Pros consistently need in job lot quantities. As we pilot this new approach to Pro fulfillment, we are building on our existing job site delivery capabilities handled through our stores and Lowe's Pro supply branches today. Although we are pleased with our 600 basis points of growth in Pro penetration over the past 3 years, improving our fulfillment capabilities will allow us to accelerate this growth and continue to gain market share. In addition to the success of our new Pro initiatives, I am pleased with our strides to become the employer of choice in retail. As a company, we are committed to investing in continuous learning and development throughout our associates careers through Lowe's University as well as a new debt-free education program that we just announced. Through this initiative, more than 300,000 associates are eligible to participate in over 50 academic programs free of charge. These programs are designed to help associates excel in their jobs today and built toward their future careers within Lowe's, including pathways into supply chain, logistics, data analytics, cybersecurity, technology and more. Finally, I'm pleased to report that we are in a better position from a hiring and staffing standpo

Verify independently

SEC filings for LOW · Claim quote is verbatim from the 2022Q1 earnings call.