Home Depot Expects FY Sales to Rise 5.6 Percent
December 11, 2013,
ATLANTA-The Home Depot said it expects its net sales for the current fiscal year to finish 5.6 percent ahead of fiscal 2012 sales.
This growth will include a same-store sales gain of about 7 percent for the year. The home-improvement retailer also said it is projecting a gain of about 24 percent in earnings per share for the year. For fiscal 2014, Home Depot said it is predicting sales growth of about 5 percent, and an increase of about 17 percent in earnings per share.
The company released these projections early this morning. Today, it is conducting its annual Investor and Analyst Conference, during which it is providing an update on four areas of focus: customer service, product authority, disciplined capital allocation and interconnected retail.
Frank Blake, Home Depot's chairman and CEO, said, "We have set out a challenging new goal for 2015 and plan to build on our company's foundation of customer service, product authority and value creation."
Other Articles By Author
Patti Carpenter Talks Color and its Importance in the Home
HFN's DIGITAL EDITION
2017 State of the Industry Report
Cautious Optimism, Mixed Results
Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.
ALSO IN THIS ISSUE:
- TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
- Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
- N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.