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moncler jacket online Sign in / Join NowGood morning, everyone, and welcome to Lowe’s Companies Third Quarter 2017 Earnings Conference Call. This call is being recorded. [Operator Instructions]Also, supplemental reference slides are cheap moncler coats mens available on Lowe’s Investor Relations website within the investor packet. While management will not be speaking directly to the slides, these slides are meant to facilitate cheap moncler sale your review of the company’s results and to be used as a reference document to the following call.During this call, management will be using certain non GAAP financial measures. The supplemental reference slides include information about these measures and a reconciliation to the most directly comparable GAAP financial measures.Statements made during this call will include forward looking statements as defined in the Private Securities Litigation Reform Act of 1995. Management’s expectations and opinions reflected in those statements are subject to risks, and the company can moncler outlet prices give no assurance that they will prove to be correct. Those risks are described in the company’s earnings release and in its filings with the Securities and Exchange Commission.Hosting today’s conference will be Mr. Robert Niblock, moncler outlet woodbury Chairman, President, and Chief Executive Officer; Mr. Rick Damron, Chief Operating Officer; and Mr. Marshall Croom, Chief Financial Officer. Joining during the Q session will be Mr. Richard Maltsbarger, Chief Development Officer and President International; and Mr. Mike McDermott, Chief Customer Officer.I will now turn the program over to Mr. Niblock for opening remarks. Please go ahead, sir.Good morning, and thanks for your interest in Lowe’s. This quarter, our teams moncler sale online were tested by the largest natural disaster response we’ve ever mounted, and I’m extremely proud of the way they met the challenge. Our merchant, vendor, logistics and storm teams worked together seamlessly to ensure customers had the right products to protect and repair their homes.Following the storms, our operations team worked tirelessly to get our stores up and running quickly, and over 3,000 employees generously volunteered to serve on uk moncler outlet employee relief teams, providing additional support to customers in their time of need and giving employees impacted by the hurricanes a chance to focus on their own recovery efforts.Lowe’s has also provided financial support, committing over $2.5 million in disaster relief through cash and product donations. And moncler online store we continue to work closely cheap moncler jackets mens with our non profit partners to provide both immediate and long term support to impacted areas.I’d like to take a moment to thank our employees for their remarkable efforts to serve their communities, help customers and support their colleagues in the face of numerous natural disasters.Turning now to moncler uk outlet our third quarter results. We delivered comparable sales growth of 5.7%, driven by a 4.8% increase in comp average ticket and transaction growth of 0.9%. Hurricane related sales contributed 140 basis points to comp growth. home improvement comp was 5.1%, with positive comps in all regions and all product categories.Lumber and building materials led product category growth with double digit comps, driven by Pro demand, hurricane prep and cleanup and inflation. Appliances also posted double digit comps, supported by our best in class omni channel offering, and we achieved above average comps in rough plumbing and electrical.We are pleased with the progress we’ve made to enhance our product and service offerings for the Cheap moncler sale moncler outlet pro customer, delivering another quarter of comps above the company average. Our integration of Maintenance Supply Headquarters and Central Wholesalers remains on track, and we continue to be excited about opportunities these acquisitions provide to further expand our products and services to serve the multi family housing industry.During the quarter, we also advanced the customer experience through our omni channel assets, driving 33% online comp growth. We’re seeing positive customer response to cheap moncler jackets our evolving omni channel capabilities intended to meet customers at every critical moment, whenever, wherever and however they choose to engage with us.In fact, we were recently recognized by Forbes Magazine as one of the top 10 most engaged companies. This distinction highlights our commitment to engage customers with a purpose, offer consistent experiences and put the customer at the center of everything we do.Internationally, we delivered strong performance, including high single digit comps in Canada and double digit comp growth in Mexico in local currency. We made further progress with the integration of RONA, continuing our rollout of appliances, converting our second RONA big box store to a Lowe’s moncler sale outlet branded store and continue to drive growth with our e commerce platform. We’re excited with the momentum of the business and believe we are well positioned for continued success in Canada.We continue to focus on improving our profitability while investing in key capabilities to drive sales growth. For the moncler outlet store quarter, we drove diluted earnings per share of $1.05, a moncler usa 19.3% increase over last year’s adjusted diluted earnings per share and in line with our expectation.Delivering on our commitment to return excess cash to shareholders, in the quarter, we repurchased $500 million of stock under our repurchase program and paid $344 million in dividends.Turning moncler womens jackets to the economic landscape. The home improvement industry remains poised to see solid growth, cheap moncler jackets womens with job and income gains supporting consumer spending. We believe that revolving credit usage will continue to supplement spending power generated by stronger incomes.Housing is also expected to remain a bright spot. Household formation improvement this year is encouraging, and home price appreciation should continue as housing demand outpaces supply, encouraging homeowners to engage in moncler sale discretionary projects, in addition to ongoing maintenance and repair spending.And as we survey consumers, we continue to see favorable trends. Our third quarter Consumer best moncler jackets Sentiment Survey highlighted that consumers have an increasingly positive view of the national economy and continue to view their personal financial situation favorably.Given that over half of homeowners believe their home values are increasing, intent to engage in discretionary home improvement projects moncler outlet online remains strong.Reflecting on third quarter results. We were pleased with our continued traffic growth, driven by optimized marketing discount moncler jackets messaging and the benefits provided by strategic investments in our integrated omni channel experience. We look to further build upon our strong foundation by developing capabilities to anticipate and support customers’ evolving needs and improve our operating discipline and execution, making productivity a core strength for Lowe’s.We remain committed to balancing our promotional strategy with our price optimization efforts to improve profitability, and we will further leverage our new store leadership model, which provides better management and accountability while optimizing our investments in customer facing associate hours to fully capitalize on strong traffic trends and deliver an improved customer experience.Once again, I would like to thank our moncler outlet sale employees for their unwavering commitment to serving customers and their communities. The team faced challenging circumstances this quarter, and they delivered, demonstrating our purpose driven mission to serve the communities in which we live and work. And finally, before I turn the call over to Rick, I want to take a moment to uk moncler sale thank him for his innumerable contributions to Lowe’s moncler jacket online.


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