Home Depot to Launch $15 Billion Share Buyback Program
06 Dezembro 2017 - 10:17AM
Dow Jones News
By Bowdeya Tweh and Allison Prang
Ahead of an analyst meeting Wednesday, Home Depot Inc. said it
would launch a $15 billion share buyback program and pledged to
accelerate investments in its business as the retail landscape
continues to change.
Home Depot, which confirmed its fiscal 2017 sales and earnings
targets, said it plans to invest in its supply chain and delivery
capabilities, employees, stores and customer experience.
"The retail landscape is changing at unprecedented rates and we
plan to invest for the future to address the evolving needs of our
customers," Chief Executive Craig Menear said in prepared
remarks.
The home-improvement company also released financial targets for
2020 and said it expects total sales between $114.7 billion and
$119.8 billion.
The conference call will be held at 9 a.m.
Shares were down 0.5% in premarket trading. Year to date, they
are up 36%.
Write to Bowdeya Tweh at Bowdeya.Tweh@wsj.com and Allison Prang
at allison.prang@wsj.com
(END) Dow Jones Newswires
December 06, 2017 07:02 ET (12:02 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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