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Home Depot provides FY'20 guidance, maintains FY'19 outlook

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Home Depot provides FY'20 guidance, maintains FY'19 outlook

Home Depot Inc. on Dec. 11 provided preliminary guidance for fiscal 2020 and maintained its fiscal 2019 outlook ahead of its 2019 investor and analyst conference.

The home improvement retailer expects total and comparable sales to grow approximately 3.5% to 4%, for fiscal 2020. The retailer expects operating margin for the full year of about 14% and return on invested capital of approximately 45%.

For fiscal 2019, Home Depot continues to expect sales growth of about 1.8% and comparable sales growth of 3.5%. Diluted EPS for fiscal 2019 is expected to come in at $10.03, a 3.1% growth from the previous year. The retailer lowered its fiscal 2019 outlook Nov. 19 after reporting lower-than-expected sales in the third quarter of fiscal 2019.

Home Depot shares opened 2% down Dec. 11 to $211.53.