Home Depot Expects to Meet 2015 Goal Early

REPLAY VIDEO
Your next video will start in
Pause

Recommended Videos

  • Info

  • Comments

  • VIDEO TEXT

Dec. 11 (Bloomberg) -- Bloomberg's Alix Steel, Scarlet Fu and Tom Keene highlight the news you need to follow for today's trading. They speak on Bloomberg Television's "Bloomberg Surveillance." (Source: Bloomberg)

Home depot updating its 2014 and 2015 guidance.

The stock relatively flat.

It was up earlier.

The company expects to meet 2015 profitability goal a year earlier.

Bob nardelli would have done it in six months.

It will also boost revenue growth by about five percent next year, it will spend about $5 billion buying macs -- buying back shares.

It is hard to find somebody saying something bad about the company.

Even if analysts are worried about valuation, it is difficult to find a negative fundamental.

The perfect are sent to william in -- to weigh in, former ceo of home depot, bob nardelli.

When you hear the numbers, what does the company have most to worry about as we head to another year of decent growth but certainly not blockbuster?

Look, i think they are doing a fabulous job.

I think they have a dominant and each of the merchant departments.

I think their stores are very attractive.

They are well kept.

They provide a lot of aspiration.

They've got a ton of private brands out there that certainly, and dan was talking about, product innovation.

I think they are really buttoned down at the operational level.

Sales per square foot, margins.

I think dan is projecting 4.5% to five percent, right in line with home depot's projection so i think they will do a fabulous job.

Is home depot or lowe's a better tenant?

I love them both.

[laughter] we love them both and one sometimes is more appropriate in a given market than the other.

They are both doing well.

The point on home depot, it is a terrific company.

They have done a great job and continued -- will continue to do better.

The housing and the renovation market.

They get them both there.

If you look at multiple expansion this year, they have really done a great job.

Home depot shares are moving higher in the premarket right now and we will continue to watch it as we move forward.

Coming up on "bloomberg surveillance," do you have points with hilton hotels?

They may not be worth what they used to.

"surveillance."

This text has been automatically generated. It may not be 100% accurate.

Advertisement

BTV Channel Finder

Channel_finder_loader

ZIP is required for U.S. locations

Bloomberg Television in   change