Lowe's ranked on Fortune's Most Admired Companies list for 2021 (2024)

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Lowe's ranked on Fortune's Most Admired Companies list for 2021? ›

Lowe's ranked on Fortune's Most Admired Companies list for 2021. Lowe's has earned an impressive recognition courtesy of Fortune. The company made Fortune's Top 50 All-Star list of the "World's Most Admired Companies" for the first time since 2011, ranking No. 47.

(NYSE: LOW) is one of the Top 100 Retailers of 2023. The National Retail Federation ranked the Mooresville-based home-improvement giant in the No. 9 slot in its annual list.

To no surprise, technology giants Apple, Amazon and Microsoft took the top three spots for the fourth straight year in that order, with Apple repeating atop the list for a 16th consecutive year.

Fortune 500: The Top 50 - 45. Lowe's (45) - FORTUNE.

In 2022, Home Depot's annual sales amounted to over 157 billion U.S. dollars, whereas its main competitor, Lowe's, reached more than 97 billion U.S. dollars of sales.

As the world's first and second-largest home improvement retailers, Home Depot and Lowe's share many similarities. They compete for a shared customer base across the U.S. and Canada. Both companies are committed to allowing customers to move seamlessly between online and offline channels.

Overview of Lowes

Lowe, in North Wilkesboro, North Carolina. Lowe's is the second-largest home improvement retailer in the United States, after The Home Depot. Lowes tends to be favored among homeowners.

What is the most respected company? ›

Apple came out on top for a second consecutive year, a testament to CEO Tim Cook's leadership and the company's increasingly shareholder-friendly ways.

For the 16th consecutive year, Apple finishes first in our annual ranking of corporate reputation, based on a poll of some 3,700 corporate executives, directors, and analysts. Amazon and Microsoft tied for second.

With a market capitalization of 2.75 trillion U.S. dollars as of May 2023, Apple was the world's largest company that year. Rounding out the top five were some of the world's most recognizable brands: Microsoft, Saudi Arabian Oil Company (Saudi Aramco), Google's parent company Alphabet, and Amazon.

Lowe's has a stable business model and revenue streams, while its buybacks and dividends should be appreciated by long-term investors. Lowe's (NYSE:LOW) is a U.S. home improvement retailer founded in 1946. The company is known for its stability, operating over 1,700 stores across North America.

Lowe's net income for the three-month period was $2.67 billion, or $4.56 per share, compared with $2.99 billion, or $4.68 per share in the year-ago period. Net sales fell from $27.48 billion a year earlier. Lowe's sales are slowing this year as unusually high demand fueled by the Covid pandemic fades.

Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Hedge funds don't have many shares in Lowe's Companies. Our data shows that The Vanguard Group, Inc. is the largest shareholder with 9.1% of shares outstanding.

Loews | 2023 Fortune 500 | Fortune.

Lowe's is led by Marvin Ellison, one of only eight Black CEOs in the Fortune 500.

Lowes is not as big as Walmart. For one thing, it sells a far narrower selection of merchandise, focused as it is on home improvement products and hardware. Meanwhile, Walmart sells a wide range of discount groceries and other items. Home improvement products are just one part of Walmart's remit.