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LOWE'S® December 15 , 2021 Lowe's Provides Fiscal 2022 Financial Outlook - Accelerating Market Share Gains with DIY and Pro through Total Home Strategy - - Board Increases Share Repurchase Authorization to $ 20 Billion - Company Plans Share Repurchases of Approximately $ 12 Billion in 2022 - MOORESVILLE , N.C. -Lowe's Companies , Inc. ( NYSE : LOW ) is hosting its 2022 Financial Outlook webcast today . Today's presentations include the company's priorities for 2022 with a focus on its Total Home Strategy aimed at taking market share , driving productivity , and providing an integrated omni - channel shopping experience . Additionally , the company plans to review its 2022 financial outlook and capital allocation commitments . " I am pleased to share our plans for 2022 , including how we will drive further market share gains across DIY and Pro through our Total Home Strategy , " commented Marvin R. Ellison , Lowe's chairman , president , and CEO . " We are confident in the long - term growth prospects for the Home Improvement market , and that we are making the right investments to continue winning with both our Pro and DIY customers . We also remain committed to driving sustainable shareholder value creation through a disciplined and highly effective capital allocation strategy . " " Next year we expect that our disciplined execution will drive productivity across the company , enabling us to deliver further operating margin expansion , robust cash flow generation and higher ROIC , " commented David M. Denton , Lowe's executive vice president and CFO . " We look forward to increasing our long - term operating targets at our next Analyst & Investor Conference in December 2022 , when we will provide the building blocks to our next operating margin milestone . " Based on its confidence in the company's continued growth trajectory and cash flow generation capabilities , the Board of Directors has authorized a new $ 13 billion common stock repurchase program . This new repurchase program has no expiration date and adds to the previous program's balance , which was $ 7.3 billion as of December 14 , 2021. The company now has total share repurchase authorization of approximately $ 20 billion .