Essential reading for retailers and suppliers in the home improvement market

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%.


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Printable View E-mail Bookmark

Latest reader comments

re: Woolworths staff reunited by new website

John Zullo
Hi I'm trying to find Lisa assistant manager of woolworths in the metro centre 1999 I only now her by her 1st and middle name Lisa Marie ...

re: Planning application submitted for new Homebase store in Abingdon

They closed their store last year!

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

Most read stories