Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
Home Depot Inc revises estimates
Source: Agencies |
June 11, 2009, Thursday
|
Print Edition
Print Edition
HOME Depot Inc, the largest home improvement retailer in the United States, said yesterday that its full-year earnings from continuing operations may come in better than previously forecast.
The move comes a few weeks after smaller rival Lowe's Co raised its full-year outlook.
Atlanta-based Home Depot now sees earnings per share from continuing operations to drop between 0 percent to 7 percent. Prior earnings forecast called for a 7 percent decline.
The retailer also expects adjusted earnings per share to be down 20 percent to 26 percent. Its previous outlook was for a 26 percent decline.
In 2008, Home Depot had earnings from continuing operations of US$1.37 per share. Its adjusted earnings from continuing operations were US$1.78 per share.
This implies 2009 earnings from continuing operations of US$1.27 to US$1.37 per share and adjusted earnings from continuing operations of US$1.32 to US$1.42 per share.
The retailer maintained its outlook for an approximately 9 percent sales decline, which would mean sales of about US$64.9 billion.
Analysts polled by Thomson Reuters, whose estimates generally exclude one-time items, predict full-year profit of US$1.40 per share on sales of US$65.27 billion.
Home Depot reiterated its forecast for same-store sales to decline in the high single digits.
Same-store sales, or sales at stores open at least a year, are a key indicator of retailer performance since they measure growth at existing stores rather than newly opened ones.
The move comes a few weeks after smaller rival Lowe's Co raised its full-year outlook.
Atlanta-based Home Depot now sees earnings per share from continuing operations to drop between 0 percent to 7 percent. Prior earnings forecast called for a 7 percent decline.
The retailer also expects adjusted earnings per share to be down 20 percent to 26 percent. Its previous outlook was for a 26 percent decline.
In 2008, Home Depot had earnings from continuing operations of US$1.37 per share. Its adjusted earnings from continuing operations were US$1.78 per share.
This implies 2009 earnings from continuing operations of US$1.27 to US$1.37 per share and adjusted earnings from continuing operations of US$1.32 to US$1.42 per share.
The retailer maintained its outlook for an approximately 9 percent sales decline, which would mean sales of about US$64.9 billion.
Analysts polled by Thomson Reuters, whose estimates generally exclude one-time items, predict full-year profit of US$1.40 per share on sales of US$65.27 billion.
Home Depot reiterated its forecast for same-store sales to decline in the high single digits.
Same-store sales, or sales at stores open at least a year, are a key indicator of retailer performance since they measure growth at existing stores rather than newly opened ones.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
