Ahead of its investor day, Home Depot HD, -1.69% set its targets for fiscal 2020, saying it expects sales growth between 3.5% and 4%, comparable sales growth between 3.5% and 4%, an operating margin of 14% and a return on invested capital of 45%. It also reiterated its fiscal 2019 guidance of EPS growth of 3.1% on sales growth of 1.8% and comparable-sales growth of 3.5%. Analysts polled by FactSet expected fiscal 2020 same-store sales growth of 4.3% and total sales growth of 4.4%. Home Depot said it will discuss its investments in creating an interconnected shopping experience.
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December 11, 2019 at 06:12PM
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Home Depot forecasts fiscal 2020 same-store sales growth below estimates - MarketWatch
"sales" - Google News
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