trending Market Intelligence /marketintelligence/en/news-insights/trending/SbOMCqjSj4vFyNmLwGMnnw2 content esgSubNav
In This List

Home Depot outlines sales targets, new $15B share buyback program

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Home Depot outlines sales targets, new $15B share buyback program

Home Depot Inc. has set a total sales target range of $114.7 billion to $119.8 billion per year as part of its long-term fiscal 2020 targets, the company announced Dec. 6.

The home improvement retailer also announced a $15 billion share repurchase program that replaces a previous authorization. Home Depot said it has returned about $73 billion to shareholders through the repurchase of about 1.3 billion shares since 2002.

The company also expects operating margins from 14.4% to 15% by its fiscal year 2020 and annual capital spending of about 2.5% of sales. Home Depot released its long-term fiscal 2020 targets before it hosted its analyst shareholder and analyst day Dec. 6.

The home improvement retailer reaffirmed its sales and diluted EPS guidance for fiscal year 2017. The company expects sales to increase about 6.3% during the fiscal year, with comparable store sales of about 6.5%. Home Depot anticipates diluted EPS to grow about 14% to $7.36, which includes the benefit derived from the repurchase of an additional $2.1 billion shares in the fiscal fourth quarter. That would bring the total fiscal 2017 share repurchases to $8 billion.