Seeking Alpha

Home Depot lifts some financial targets

  • Home Depot (HD) issues a business update and highlights some strategic priorities.
  • The company reaffirms 2013 sales and EPS guidance as it sees comparable store sales growth of 7% for the year.
  • Financial targets for 2014 include sales growth of 5%, operating margin expansion of 70 bps, and EPS growth of 17%. Only 8 new stores are expected to be added to Home Depot's store count during the period.
  • In 2015, operating margin of 13% is set as a target with the home improvement retailer on a pace to exceed its previous target early.
  • HD +0.1% premarket
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs