Home Depot (HD) Issues Better Than Expected Outlook
HD Hot Sheet
Revenue Growth %: +5.9%Financial Fact:
DILUTED EARNINGS PER SHARE: 0.68
Today's EPS Names:
VSNT, CIM, KH, More
The Home Depot (NYSE: HD) is updating its FY2009 EPS guidance and now expects earnings per share from continuing operations to be flat to down 7 percent from last year. On an adjusted basis, the Company now expects earnings per share from continuing operations to decline by 20 to 26 percent. The Company previously announced its expectation that earnings per share from continuing operations in FY2009 would be down 7 percent from last year, and down 26 percent on an adjusted basis.
The Company reaffirmed its sales, comparable store sales and gross margin guidance for the 2009 fiscal year. The Company still expects sales to decline by approximately 9 percent, comparable store sales to be high single digit negative and for gross margin expansion to be flat to slightly positive.
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