The Home Depot To Update On Strategic Priorities

The Home Depot®, the world's largest home improvement retailer, will host its 2019 Investor and Analyst Conference today, where it will provide an update on key strategic priorities and discuss its preliminary outlook for Fiscal Year 2020.   

Today's conference will begin at 9 a.m. ET and will be available in its entirety through a live webcast and replay at ir.homedepot.com in the Events & Presentations section.

One Home Depot Strategy

Customers expect a frictionless, interconnected shopping experience. As a result, in fiscal 2018, the Company began a three-year, accelerated investment program to position itself as One Home Depot. This One Home Depot strategy is creating a truly interconnected shopping experience by allowing customers to seamlessly blend the digital and physical worlds.

Investments to deliver on this strategy follow a customer-back approach, touching every aspect of the Company's business. These investments and capabilities – including store enhancements and new e-commerce solutions, industry-leading delivery options, and a comprehensive Pro ecosystem – will further unlock the interconnected retail vision the Company began building many years ago.

"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 capitalize on a large and fragmented market opportunity and extend our leadership position for years to come," said Craig Menear, chairman, CEO and president.

Fiscal Year 2019 Guidance

The Company reaffirmed its guidance for fiscal 2019, a 52-week year compared to fiscal 2018, a 53-week year, as follows:

• Total sales growth of approximately 1.8 percent and comparable sales growth for the comparable 52-week period of approximately 3.5 percent
• Diluted earnings-per-share growth of approximately 3.1 percent from fiscal 2018 to $10.03

Preliminary Outlook for Fiscal Year 2020

In addition, the Company is providing a preliminary fiscal 2020 outlook as follows:

• Total sales growth of approximately 3.5 percent to 4.0 percent
• Comparable sales growth of approximately 3.5 percent to 4.0 percent
• Operating margin of approximately 14.0 percent
• Return on invested capital of approximately 45 percent

Source : The Home Depot

Image : ThreeRivers11 / Shutterstock.com

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