home depot guidance

Home Depot Raises 2010 Outlook, Predicts Growth for 2011

Home Depot raised its 2010 outlook, and expects both sales and profits to rise in 2011, when it plans to open 10 new stores. The nation's biggest home improvement retailer expects sales to rise approximately 2.3%, up from a previously projected 2.2% gain.

Home Depot Profit Jumps 21% on Cost Cuts

The nation's largest home improvement retailer reported that its third quarter net earnings rose a higher-than-expected 21% due to lower expenses and cost cuts. Additionally, Home Depot raised its fiscal 2010 earnings outlook.

Home Depot Reports Earnings of $1.2 Billion

Retail giant The Home Depot (HD) reported second quarter of fiscal 2010 earnings of $1.2 billion, or 72 cents per diluted share, up from $1.1 billion, or 66 cents per diluted share in the year-ago quarter. Sales for the quarter were $19.4 billion, a 1.8% gain from the second quarter of fiscal 2009, the company said in a statement. Comparable store sales were up 1.7% in the second quarter of fiscal 2010.