|
|
Article: Home Depot Expects Lower 2007 Earnings
- Article from:
- AP Online
- Article date:
- March 1, 2007
CopyrightCopyright 2007 Associated Press/AP Online. This material is published under license from the publisher through YellowBrix, Alexandria, Virginia. All inquiries regarding rights should be directed to YellowBrix. (Hide copyright information)
|
ATLANTA - The Home Depot Inc., the world's largest home improvement store chain, said Wednesday it will pump $2.2 billion into improving its business this year even as it expects lower earnings and slim sales growth, partly because of a continued slump in the housing sector. The Atlanta-based company announced its priorities and outlook just before convening its annual investor conference.
Home Depot said that for fiscal 2007 it expects sales growth in the range of flat to an increase of 2 percent, a decline in sales at stores open at least a year in the middle single-digit percentages and an earnings per share decline of 4 percent to 9 percent.
Including the effect of a 53rd week in its ...