Lowe’s 1Q17 Earnings Call Notes

Robert Niblock

Consumers have favorable view of the national economy

“Our most recent Consumer Sentiment Survey revealed that homeowners have an increasingly favorable view of the national economy and their personal financial situation. Rising home prices are continuing to encourage homeowners to engage in more discretionary projects in addition to ongoing maintenance and repair spending, and we believe that this trend will continue. As well over half of homeowners we surveyed, believe their home values will continue to be increased. Also nearly half of the owners we survey indicated that they intend to engage in a home improvement project in the next six months and home improvement spending is expected to continue to outpace overall spending”