Market Overview

Home Depot Reaffirms 2020 Sales Guidance

Share:
Home Depot Reaffirms 2020 Sales Guidance

Home Depot (NASDAQ: HDS) has reaffirmed sales guidance and sees fiscal year 2020 total sales growth at 3.5%-4%, and comparable sales growth at 3.5%-4%.

The company expects operating margin to be at 14% and return on invested capital of approximately 45%.

See Also: Home Depot Reports Mixed Q3 Earnings, Cuts Guidance

"We are confident that the investments we are making in the One Home Depot experience will address the evolving needs of our customers,” Craig Menear, CEO of Home Depot said in a statement. “We are building on our distinct competitive advantages to capitalize on a large and fragmented market opportunity and extend our leadership position for years to come."

Home Depot shares were trading down 1% at $213.74 in Wednesday’s pre-market session. The stock has a 52-week high of $239.31 and a 52-week low of $158.09.

Posted-In: News Guidance

 

Related Articles (HD)

View Comments and Join the Discussion!
Need corporate guidance data?
Click here to see licensing options.
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com