The Home Depot Updates Strategic Priorities; Confirms Fiscal Year 2013 Sales And Diluted Earnings Per Share Guidance; Provides

The Home Depot Updates Strategic Priorities; Confirms Fiscal Year 2013 Sales 
And Diluted Earnings Per Share Guidance; Provides Fiscal Year 2014 Financial 
Outlook And Updates 2015 Financial Targets 
ATLANTA, Dec. 11, 2013 /CNW/ - The Home Depot(®), the world's largest home 
improvement retailer, will outline today progress on its key strategic 
priorities and discuss its financial targets at its 2013 Investor and Analyst 
(Logo: ) 
Today's conference will begin at 9 a.m. ET and will be available in its 
entirety through a live webcast and replay at in the Events & 
Presentations section. 
The Company will provide an update on its four areas of strategic focus, 
specifically customer service, product authority, disciplined capital 
allocation and interconnected retail, and will provide an update on its fiscal 
year 2013 guidance and long-term financial targets as outlined below. 
Fiscal Year 2013 Guidance 
The Company reaffirmed its sales and diluted earnings-per-share guidance for 
fiscal 2013. The Company expects sales to be up approximately 5.6 percent for 
the year and diluted earnings-per- share to be up approximately 24 percent to 
$3.72 for the year. Comparable store sales, on a 52-week like for like basis, 
are expected to be up approximately 7.0 percent for the year. The Company's 
fiscal 2013 sales and diluted earnings-per-share guidance is based on a 
52-week year compared to fiscal 2012, a 53-week year. 
Fiscal Year 2014 Financial Outlook 
The Company provided the following financial targets for fiscal 2014 and 
intends to provide sales and earnings guidance for fiscal year 2014 in 

    --  Sales growth of approximately 5 percent
    --  8 new stores
    --  Operating margin expansion of approximately 70 basis points
    --  Share repurchases of approximately $5.0 billion
    --  Diluted earnings-per-share growth after anticipated share
        repurchases of approximately 17 percent
    --  Capital spending of approximately $1.5 billion

Long-Term Financial Targets

In June of 2012, the Company announced a long term operating margin target of 
12 percent  and a 24 percent return on invested capital target by the end of 
fiscal 2015. The Company anticipates reaching these targets at the end of 
fiscal 2014, one year earlier than planned, and has updated its fiscal 2015 
financial targets as follows:
    --  Operating margin of approximately 13 percent
    --  Return on invested capital of approximately 27 percent

"Thanks to the hard work and dedication of our associates, we expect to meet 
the financial targets we set out in June of 2012 a year earlier than planned. 
We have set out a challenging new goal for 2015 and plan to continue to build 
on our company's foundation of customer service, product authority and value 
creation," said Frank Blake, chairman & CEO.

At the end of the third quarter, the Company operated a total of 2,260 retail 
stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin 
Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2012, The Home 
Depot had sales of $74.8 billion and earnings of $4.5 billion. The Company 
employs more than 300,000 associates. The Home Depot's stock is traded on the 
New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial 
average and Standard & Poor's 500 index.

Certain statements contained herein constitute "forward-looking statements" as 
defined in the Private Securities Litigation Reform Act of 1995. 
Forward-looking statements may relate to, among other things, the demand for 
our products and services, net sales growth, comparable store sales, state of 
the economy, state of the residential construction, housing and home 
improvement markets, effects of competition, state of the credit markets, 
including mortgages, home equity loans and consumer credit, inventory and 
in-stock positions, commodity price inflation and deflation, implementation of 
store and supply chain initiatives, continuation of share repurchase programs, 
net earnings performance, earnings per share, capital allocation and 
expenditures, liquidity, return on invested capital, management of 
relationships with our suppliers and vendors, stock-based compensation 
expense, the effect of accounting charges, the effect of adopting certain 
accounting standards, the ability to issue debt on terms and at rates 
acceptable to us, store openings and closures, expense leverage, guidance for 
fiscal 2013 and beyond and financial outlook.  Forward-looking statements are 
based on currently available information and our current assumptions, 
expectations and projections about future events. You should not rely on our 
forward-looking statements. These statements are not guarantees of future 
performance and are subject to future events, risks and uncertainties – many 
of which are beyond our control or are currently unknown to us – as well as 
potentially inaccurate assumptions that could cause actual results to differ 
materially from our expectations and projections. These risks and 
uncertainties include but are not limited to those described in Item 1A, "Risk 
Factors," and elsewhere in our Annual Report on Form 10-K for our fiscal year 
ended February 3, 2013 and in our subsequent Quarterly Reports on Form 10-Q.

Forward-looking statements speak only as of the date they are made, and we do 
not undertake to update these statements other than as required by law. You 
are advised, however, to review any further disclosures we make on related 
subjects in our periodic filings with the Securities and Exchange Commission.

SOURCE  The Home Depot 
Financial Community: Diane Dayhoff , Vice President of Investor Relations, 
770-384-2666,; News Media: Stephen Holmes, 
Director of Corporate Communications, 770-384-5075, 
To view this news release in HTML formatting, please use the following URL: 
CO: The Home Depot
ST: Georgia
-0- Dec/11/2013 11:01 GMT
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