该公司公布的重磅新举措包括一个“人工智能框架”——即劳氏专属的“AI+室内装饰”服务框架，以全面增强客户们的室内装饰选购体验，以及利用“人工智能框架”强化美国家居装修行业的第一个全套产品类型市场。Before key investor activities, Lowe's updated its Global Strategy, performance guidance, and new initiatives.
According to Zhichun Finance APP, the USA indoor decoration product retailer Lowe's (LOW.US) released its updated strategic plan and performance guidance ahead of the 2024 Analyst and Investor Conference held on Wednesday, introducing the new Concept of 'AI + Indoor Decoration' in the indoor home decoration Industry. The USA indoor home decoration retail giant also stated that it plans to provide detailed updates on its key growth Indicators and productivity-boosting initiatives during the event.
Lowe's CEO Marvin Ellison stated in an updated announcement, 'As we increasingly anticipate the expected recovery in the home renovation Industry, we are investing to prepare the company for long-term performance growth.' He added, 'We are developing our Global Strategy to help our customers meet their whole house renovation needs through more value and exceptional service.'
The company's significant new initiative includes an 'AI framework' - Lowe's proprietary 'AI + Indoor Decoration' service framework, aimed at significantly enhancing customers' indoor decor shopping experience and utilizing the 'AI framework' to strengthen the comprehensive product type market in the USA home renovation Industry.
CEO Ellison also noted that Lowe's is building strong expansion momentum in collaboration with Pros, as the company's penetration in the Pros segment has exceeded expectations at 30%.
In terms of performance expectations, the store growth expectation is the most significant new aspect. Lowe's plans to open 10 to 15 Lowe's retail stores annually in the rapidly growing indoor decoration market in the USA over the next few years, expanding its footprint to attract new DIY and professional home renovation customers.
Lowe's confirmed its performance outlook for 2024 with total sales expected to range from $83 billion to $83.5 billion, comparable sales are projected to decline by 3.0% to 3.5%, and the adjusted operating profit as a percentage of sales is expected to be approximately 12.3% to 12.4%. The latest annual adjusted diluted EPS range provided by Lowe's is $11.80 to $11.90, which is broadly in line with Wall Street Analysts' expectations. The full-year capital expenditure outlook given by Lowe's is approximately $2 billion.
In terms of stock prices, Lowe's Companies' stock has risen about 31% so far this year, outperforming the S&P 500 Index.
