Home Depot Reaffirms Sales and EPS Guidance
The Home Depot will outline today progress on its key strategic priorities and discuss its financial targets at its 2013 Investor and Analyst Conference.
The Company will provide an update on its four areas of strategic focus, specifically customer service, product authority, disciplined capital allocation and interconnected retail, and will provide an update on its fiscal year 2013 guidance and long-term financial targets as outlined below.
Fiscal Year 2013 Guidance
The Company reaffirmed its sales and diluted earnings-per-share guidance for fiscal 2013. The Company expects sales to be up approximately 5.6 percent for the year and diluted earnings-per- share to be up approximately 24 percent to $3.72 for the year. Comparable store sales, on a 52-week like for like basis, are expected to be up approximately 7.0 percent for the year. The Company's fiscal 2013 sales and diluted earnings-per-share guidance is based on a 52-week year compared to fiscal 2012, a 53-week year.
Fiscal Year 2014 Financial Outlook
The Company provided the