MAAT INDEX

CLAIM #37973 · Lowe's Companies Inc (LOW) · 2022Q3 earnings call · Nov 16, 2022 · due Dec 31, 2023

I would say that the short answer is, yes, there are elements of the supply chain that definitely will give us some cost advantages next year.

Marvin Ellison · CEO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

rough Q4. Brian Nagel: That's very helpful. I appreciate the color there. Then my follow-up question, in separate topic. there is with regard to supply chain. So Marvin, you keep talk -- you highlighted that there's a lot of success that you've had in improving the low supply chain internally. By most measures, now the external environment for supply chain is getting better with shipping costs and such. So I guess the question, are you seeing that? And then recognizing you haven't given guidance yet for 2023, but to the extent these external supply chain issues continue to correct. Could that be a tailwind of some sort as we hit over the next several quarters? Marvin Ellison: Yes. Look, it's a great question, Brian. And without getting in front of what we're going to discuss next month, I would say that the short answer is, yes, there are elements of the supply chain that definitely will give us some cost advantages next year. Brandon is going to be very transparent and very detailed on kind of what we see going into next year. And obviously, supply chain is going to be a big component of that. In addition to just the overall cost environment for supply chain, we're going to talk about strategic initiatives as well that we're excited about because as far as much work as we've done in supply chain, as I mentioned earlier, we still see it as one of our key opportunities to improve. There's not a great retailer in the world that doesn't have a great supply chain, and we're committed to having a great supply chain. Operator: Our next question comes from the line of Liz Suzuki with Bank of America. Elizabeth Lane: Just as you think about the makeup of comp going forward between transactions and average ticket. Yo

Verify independently

SEC filings for LOW · Claim quote is verbatim from the 2022Q3 earnings call.