MADRID (MarketWatch) — Home Depot Inc. said Wednesday that it plans reach its long-term financial goals a year earlier than expected, even as it made them more ambitious. The do-it-yourself retailer said it expects to reach an operating margin of around 13%, upped from 12%, and a return on invested capital of 27%, upped from 24%, by the end of fiscal year 2014, a year ahead of target. The company confirmed 2013 guidance — a sales gain of 5.6% and diluted earnings per share rise of 24% to .72 for the year, along with a same-store sales gain on a 52-week basis of 7%. For 2014, Home Depot said it expects sales growth of 5%, operating margin expansion of 70 basis points, share buybacks of around billion and diluted EPS after share buybacks of 17%. It also plans to open 8 new stores in 2014.
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Home Depot expects to hit 2015 goals a year ahead is a post from: The Forex Trading System Blog
