Home Depot forecasting growth
Published: 11 December 2019 - John King
The Home Depot, the world's largest home improvement retailer, will host its 2019 Investor and Analyst Conference today (11 December), where it will provide an update on key strategic priorities and discuss its preliminary outlook for Fiscal Year 2020.
In 2018, the company began a three-year, accelerated investment programme to position itself as One Home Depot. This One Home Depot strategywas to create an interconnected shopping experience by allowing customers to blend the digital and physical worlds.
"We are confident that the investments we are making in the One Home Depot experience will address the evolving needs of our customers. We are building on our distinct competitive advantages to capitalise on a large and fragmented market opportunity and extend our leadership position for years to come," said Craig Menear, chairman, CEO and president.
Predictions for 2020 are as folllows:
Total sales growth of approximately 3.5% to 4.0%
Comparable sales growth of approximately 3.5% to 4.0%
Operating margin of approximately 14.0%
Return on invested capital of approximately 45%.