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Marvin Ellison

President, Chief Executive Officer & Chairman, Lowe's

Search every verified Marvin Ellison interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Marvin Ellison, chairman, president, and CEO of Lowe's, discussed the company's response to consumer spending trends during a September 2026 appearance on Fox & Friends. He stated that Lowe's customers, typically homeowners with strong balance sheets, are cautious about discretionary spending and are pausing non-essential home improvement projects. Ellison attributed this to inflation and economic uncertainty, noting that customers are prioritizing necessary purchases over optional upgrades. He also mentioned that the company is focusing on providing value and innovation to ease pressure on consumers. During the same appearance, Ellison detailed the launch of the Building Future Skills Coalition, an initiative aimed at creating one million skilled trades jobs by 2035. He described the effort as a response to a projected shortage of tradespeople, including plumbers, electricians, and welders, and emphasized that the coalition involves multiple companies working together rather than relying solely on government action. Ellison also referenced a separate Lowe's Foundation endeavor to create 250,000 skilled trades jobs. On Lowe's Q2 FY26 earnings call in August 2026, Ellison reported that the company delivered earnings per share of $4.40 on revenue of $25.96 billion, and he characterized the current promotional environment as transitory, attributing it to competitors using tariff refund dollars. He expressed confidence in Lowe's long-term return on invested capital and stated that the company remains disciplined in its approach to benefit shareholders.

Recent appearances

Notable quotes

“When I arrived at the company in 2018, 90% of our containers came from China from an import perspective. And today fast forward 60% of everything we sell is produced in the US.”

“To us, for us to see, you know, really accelerated growth, we're going to need housing turnover to come back. And we believe that will require mortgage rates to fall below 6%.”

“This is, I believe, not only a need for the construction trade. I mean, this could be a national security issue because of all the infrastructure repairs and work needed over the next decade.”

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