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Lowe`s Companies Inc Virtual Fireside Chat Hosted by Evercore ISI Transcript
Good morning, everyone. It's Greg Melich. I cover the retailers, broadlines and hardlines at Evercore ISI. And it's our great pleasure today with, I think, almost ideal timing to have David Denton, Lowe's' Executive Vice President and Chief Financial Officer. Lowe's has been in the middle of a huge transformation. And at the same time, getting that done, while we're seeing a huge transformation in the U.S. consumer. We've got 45 minutes this morning of David's time. So we'd love to be doing this in person and in a typical trip down to Mooresville. Unfortunately, we can't this year. But David, thanks for your time.
And before we jump into questions, I did think to help set the stage, we found [to start summer] quite useful. We have 1 slide about our MEND framework. This is what we're using at Evercore ISI to think about changes in consumer behavior. We think there are 4 key things to track. One is multichannel and e-commerce, which we think now could double in terms of penetration in U.S. retail sales over the
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