Lowe's Companies Inc. Watchdog Report ™ LOW (NYSE) | CIK:60667 | United States | SEC llings The new model for duciary analysis Sep 24, 2021 Jan 1, 2020 Jan 1, 2016 RECENT PERIOD HISTORICAL PERIOD Key Facts 10-Q led on Aug 26, 2021 for period ending Jul 2021 Business address: Mooresville, North Carolina, United States Reporting Irregularities RECENT HISTORICAL Industry: Home Centers (NAICS 444110) Financial Restatements SEC ler status: Large Accelerated Filer as of Jul 2021 Index member: S&P 500, Russell 1000 Revisions Market Cap: $144b as of Sep 24, 2021 Out of Period Adjustments Annual revenue: $89.6b as of Jan 29, 2021 Late Filings Corporate Governance Impairments CEO: Marvin R. Ellison since 2018 Changes in Accounting Estimates CFO: David M. Denton since 2018 Disclosure Controls 1st level Internal Controls Board Chairman: Richard W. Dreiling since 2018 Critical / Key Audit Matters Audit Committee Chair: NOT AVAILABLE 2nd level Anomalies in the Numbers RECENT HISTORICAL Auditor: Deloitte & Touche LLP since 1962 Benford's Law Outside Counsel (most recent): Moore & Van Allen PLLC Groom Law Group Beneish M-Score 3rd level Accounting Disclosure Complexity SEC Reviewer: (unknown) Securities & Exchange Commission Concerns 4th level RECENT HISTORICAL SEC Oversight SEC Letters to Management Revenue Recognition Non-GAAP Measures Litigation & External Pressures RECENT HISTORICAL Signicant Litigation Securities Class Actions Shareholder Activism Watchdog Research, Inc., offers both individual and group subscriptions, Cybersecurity data feeds and/or custom company reports to our subscribers. Management Review Subscribe: We have delivered 300,000 public company reports to over RECENT HISTORICAL 27,000 individuals, from over 9,000 investment rms and to 4,000+ public CEO Changes company corporate board members. CFO Changes How to analyze this company's Watchdog Insider Sales Report? Skip to the last page Pledged Securities Information in this report is effective Sep 24, 2021 and is taken from the Mergers & Acquisitions company's public nancial and regulatory lings. Latest ling 10-Q led Sales of Assets 08/26/2021. Over 75 accounting and data analysts scrutinize and review crucial information, footnotes, disclosures, etc., from these lings. Material Auditor Assessment facts are captured and processed using our proprietary methods which RECENT HISTORICAL identify key risk factors our readers need to know. Each Watchdog Report Auditor Changes represents 30 or more hours of analysis and processing. Auditor Experience Accounting and nancial disclosure data from Audit Analytics. Auditor Tenure Executive compensation data from Shore Group and Intrinio. Data from Sharadar. Audit Fees Data from Barchart via Quandl. Non-Audit Fees Data from Exchange Data International via Quandl. Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Overview Reporting Irregularities Anomalies in the Numbers SEC Concerns Litigation & External Pressures Management Review Auditor Assessment Peer Group Overview Price and Volume History This graph shows the price and trading history for Lowe's. Warning signs and red ags are marked on the graph according to their disclosure dates. 1 Jul 6, 2021 - Insider Sale 16 Jun 1, 2017 - Insider Sale 2 Mar 22, 2021 - Disclosure Controls 17 Apr 3, 2017 - Insider Sale 3 Mar 22, 2021 - Critical / Key Audit Matters 18 Mar 8, 2017 - Insider Sale 4 Nov 25, 2020 - Disclosure Controls 19 Feb 24, 2017 - Lawsuit: FirstPower Group LLC v. WD 40 Company et al 5 Aug 26, 2020 - Disclosure Controls 20 Jan 17, 2017 - Change in CFO 6 May 28, 2020 - Disclosure Controls 21 Sep 14, 2016 - Lawsuit: Dolins et al v. Continental Casualty Company 7 Mar 23, 2020 - Impairment 22 Jun 2, 2016 - Insider Sale 8 Mar 23, 2020 - Critical / Key Audit Matters 23 May 25, 2016 - Insider Sale 9 Aug 27, 2019 - SEC letters to management 24 May 25, 2016 - Insider Sale 10 Apr 2, 2019 - Impairment 25 Apr 7, 2016 - Insider Sale 11 Nov 20, 2018 - Change in CFO 26 Mar 29, 2016 - Impairment 12 Oct 4, 2018 - Change in CFO 27 Mar 29, 2016 - Impairment 13 Sep 20, 2018 - Insider Sale 28 Mar 14, 2016 - Insider Sale 14 May 22, 2018 - Change in CEO 29 Feb 2, 2016 - Mergers & Acquisitions 15 Apr 27, 2018 - Lawsuit: Reetz v. Lowe's Companies Inc et al Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Notications Important notications related to the company are listed here. Notications may come from the SEC, exchanges such as the NYSE or NASDAQ, or Watchdog Research. Examples of notications include announcements of bankruptcy proceedings, company name changes, and noncompliance with SEC regulations or exchange rules. There are no notications for Lowe's at least since 2016. Peer Group Peer groups are used by companies to benchmark executive compensation and performance. Each company identies its own peer group. Peer groups vary from company to company. Peer Group Companies Who Named Lowe's as a Peer Company Ticker Market Cap Company Ticker Market Cap Amazon.com Inc. AMZN $1,730b Walmart Inc. WMT $399b Walmart Inc. WMT $399b Home Depot Inc. HD $359b Home Depot Inc. HD $359b Costco Wholesale Corp. COST $207b Nike Inc. NKE $234b McDonalds Corp. MCD $184b Costco Wholesale Corp. COST $207b United Parcel Service Inc. UPS $162b Lowe's Companies Inc. LOW $144b Lowe's Companies Inc. LOW $144b Starbucks Corp. SBUX $135b Target Corp. TGT $118b Target Corp. TGT $118b CVS Health Corp. CVS $112b CVS Health Corp. CVS $112b Anthem, Inc. ANTM $94.5b TJX Companies Inc. TJX $85.7b TJX Companies Inc. TJX $85.7b Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Peer Flag Comparison The return to a company’s stock is not the only measure of executive performance. Ethics matter, and growth can quickly reverse and gains evaporate if a company’s accounting and nancial reporting processes are not fundamentally sound and trustworthy. How does Lowe's' accounting quality compare to its peer group? LOW PEER GROUPFLAGS LOW PEER GROUPFLAGS Reporting Irregularities Litigation & External Pressures Financial Restatements 9 Signicant Litigation 1 8 Revisions 6 3 Securities Class Actions 5 4 Out of Period Adjustments 8 1 Shareholder Activism 9 Impairments 2 7 Cybersecurity 3 6 Changes in Accounting Estimates 6 3 Management Review Disclosure Controls 1 7 1 CEO Changes 4 4 1 Internal Controls 8 1 CFO Changes 4 2 3 Critical / Key Audit Matters 9 Insider Sales 2 1 6 Pledged Securities 7 2 Anomalies in the Numbers Benford's Law 7 2 Mergers & Acquisitions 3 5 1 Beneish M-Score 4 3 Sales of Assets 9 Accounting Disclosure Complexity 8 1 Auditor Assessment Auditor Changes 9 Securities & Exchange Commission Concerns SEC Oversight 9 Auditor Experience 9 SEC Letters to Management 9 Auditor Tenure 3 6 Revenue Recognition 5 4 Audit Fees 4 5 Non-GAAP Measures 9 Non-Audit Fees 9 Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 About Watchdog Research, Inc. 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