Lowe's Pledges $2 Million to Support Hurricane Helene Relief Efforts

Rhea-AI Summary

Lowe's has pledged $2 million to support relief efforts in response to Hurricane Helene's multi-state impact. The donation will assist nonprofit partners and first responders in addressing critical needs and supporting long-term recovery. Lowe's is hosting relief events in over 25 communities to distribute cleanup supplies and working with first responders to provide essential products.

The company has deployed more than 150 Emergency Response Team members to support hard-hit areas in Georgia, Florida, and North Carolina. Lowe's is also providing assistance to its associates, including deploying shower and laundry trailers, and expediting financial aid through the Lowe's Employee Relief Fund. Customers can support relief efforts by rounding up their transactions at Lowe's stores through Nov. 3.

Positive

• Donation of $2 million for hurricane relief efforts
• Deployment of over 150 Emergency Response Team members to support affected areas
• Distribution of critical supplies to communities and first responders
• Rapid reopening of nearly all stores following the storm
• Provision of support and financial assistance to affected associates

Negative

• None.

News Market Reaction

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On the day this news was published, LOW gained 1.39%, reflecting a mild positive market reaction.

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The company continues to deploy additional recovery supplies and over 150 associates to help communities recover

MOORESVILLE, N.C., Sept. 30, 2024 /PRNewswire/ -- Lowe's is donating $2 million to support relief efforts in response to the catastrophic and multi-state impact of Hurricane Helene. Lowe's donation will assist its nonprofit partners and first responders, helping these organizations respond to critical needs like emergency shelter, food and water while also supporting long-term rebuilding and recovery.

"This storm has created a life-altering path of destruction from Florida to the Mid-Atlantic – especially here in our home state of North Carolina," said Marvin Ellison, Lowe's chairman and CEO. "Our thoughts and prayers go out to everyone affected, and I am extremely grateful for our associates and first responders who are working tirelessly to serve these communities. We will continue to help meet our communities' urgent needs and help our neighbors during the long road to recovery ahead."

This week, Lowe's stores will host relief events to distribute cleanup supplies in more than 25 communities across the affected regions. The company is also working closely with first responders to distribute relief supplies and donate much-needed product, like water, chainsaws and generators.

Lowe's Emergency Command Center went into activation on Tuesday, Sept. 24, with more than 40 teams across the company working together to get the right people, products and services in place to prepare. As the storm passed, pre-staged supplies enabled the company to rapidly respond to community needs and reopen nearly all of its stores the following day. Lowe's continues to ship critically needed supplies to stores to meet customer needs, including generators, gas cans, chainsaws, portable air conditioning units, fans and dehumidifiers.

Lowe's has already deployed more than 150 Emergency Response Team members to support the hard-hit areas around Valdosta, Georgia; Lake City, Florida; and Western North Carolina. These specially trained associates voluntarily leave their home stores to provide additional customer support at impacted stores, which gives fellow associates the time to focus on their families.

Lowe's continues to provide assistance to help associates. The company deployed shower and laundry trailers, as well as portable toilets and handwashing stations to help its associates in areas currently without water in Florida, Georgia, North Carolina and South Carolina. Teams are also shipping meals, water and gas for associates.  

Lowe's is also working closely with store leaders to expedite financial assistance through the Lowe's Employee Relief Fund. In addition, Lowe's is doubling the company's match, contributing $2 for every dollar an associate donates through Dec. 1. Lowe's associates in Mooresville recently raised more than $1 million at an event celebrating the fund's 25^th anniversary. These contributions will make a significant difference for the many associates impacted by the storm.

Customers across the country can support hurricane relief efforts through the American Red Cross by rounding up their transaction to the nearest whole dollar at checkout in Lowe's stores through Nov. 3. These donations enable the Red Cross to prepare for, respond to and help people recover from disasters across the U.S., including Hurricane Helene.

Visit Lowe's Newsroom for updates on Lowe's relief events and continued support. For cleanup, repair and rebuilding support, visit Lowes.com.

About Lowe's

Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE^® 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2023 sales of more than $86 billion, Lowe's operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.

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Media Contact

Laurel Waller
Lowe's Companies, Inc.
Laurel.Waller@lowes.com

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SOURCE Lowe's Companies, Inc.

FAQ

How much did Lowe's (LOW) donate for Hurricane Helene relief efforts?

Lowe's (LOW) pledged $2 million to support relief efforts in response to Hurricane Helene's impact across multiple states.

What specific actions is Lowe's (LOW) taking to help communities affected by Hurricane Helene?

Lowe's (LOW) is hosting relief events in over 25 communities to distribute cleanup supplies, deploying over 150 Emergency Response Team members, and working with first responders to provide essential products like water, chainsaws, and generators.

How is Lowe's (LOW) supporting its associates affected by Hurricane Helene?

Lowe's (LOW) is providing shower and laundry trailers, portable toilets, and handwashing stations in areas without water. They're also expediting financial assistance through the Lowe's Employee Relief Fund and doubling the company's match for associate donations through Dec. 1, 2024.

Until when can customers round up their purchases at Lowe's (LOW) to support Hurricane Helene relief efforts?

Customers can round up their purchases to support Hurricane Helene relief efforts through the American Red Cross at Lowe's (LOW) stores until November 3, 2024.