Home Depot Offers 2005 Guidance

Atlanta, The Home Depot announced that it expects that fiscal 2005 sales will grow 9% to 12% and that earnings per share will grow 10% to 14%. Same-store sales for fiscal 2005 are expected to increase 4% to 7%. For fiscal 2004, the retailer expects to report earnings of $2.26 per share on sales of $72.9 billion. Same-store sales are expected to rise by about 5%.

At its annual meeting with investors, the company said it plans to add 175 new stores during 2005 and continue its investment in store modernization and technology through a $3.7 billion capital-spending plan. Same-store sales are expected to increase by 4% to 7%.

On the global front, Home Depot said it plans to add 19 stores in Canada and 10 stores in Mexico, and is positioned to enter the Chinese market in 2005.

Recommended stories

Login or Register to post a comment.