Marvin Ellison
ON THE RECORD · 5 verbatim quotes · every quote source-verified
“We feel strongly that we want to deliver strong profitability for our shareholders and make sure that we don't follow any aggressive pricing action,”
Marvin Ellison · said date not stated · reported 2026-08-30
Lowe's CEO Marvin Ellison explained why the company decided against using tariff refunds to cut prices.
“the right planned steps to drive profitability”
Marvin Ellison · said date not stated · reported 2026-08-30
Marvin Ellison told analysts that Lowe's took deliberate steps to boost profitability using its tariff refund money.
“We think it's the result of competitors having tariff refund dollars and looking for different ways to use those dollars to drive the top line, and so we don't see this as something that's going to shift historically,”
Marvin Ellison · said 2026-08-19 · reported 2026-08-19
Ellison attributed the July competitive pressure to rivals using tariff refund dollars to drive sales.
“While the long-term fundamentals supporting home improvement remain intact, the near-term environment continues to be dynamic,”
Marvin Ellison · said 2026-08-19 · reported 2026-08-19
Ellison described the near-term environment for home improvement spending during a call with analysts.
“Elevated fuel prices, combined with broader economic uncertainty have influenced household budgets. Customers continue to tell us that they're being cautious about their spending and prioritizing where and when they invest in their homes as a result, discretionary DIY demand remains under pressure.”
Marvin Ellison · said 2026-08-19 · reported 2026-08-19
Ellison explained how fuel prices and economic uncertainty are affecting consumer spending on home projects.