(News Bulletin 247) – Home Depot reaffirmed on Tuesday during a day of analysts and investors its financial objectives for its current fiscal year, which will end at the end of January 2024.
In a press release, the number one American DIY and interior fittings store said it still expected earnings per share (EPS) to fall by 7% to 13% this year, for a fall in turnover expected between 2% and 5%.
However, the distributor is showing the ambition to return to its historical growth trajectory once the residential renovation market has stabilized.
According to this scenario, based on growth of 0% to 5% in its sector, Home Depot expects to generate sales growth of 3% to 4% per year, accompanied by an improvement in its operating margin under the effect of its productivity gains.
EPS should, meanwhile, grow at an annual rate of between 5% and 10%, predicts the group based in Atlanta (Georgia).
Following these indications, the title Home Depot rose by 0.5% Tuesday morning in pre-market trading.
Home Depot operates 2,300 stores in the United States, Canada and Mexico, with an estimated workforce of 475,000 employees.
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