Home Depot expects 2010 sales to rise 2.3%

Home Depot, the world's largest home improvement retailer, has updated its fiscal year 2010 guidance and now expects sales to be up approximately 2.3% for the year. The company expects diluted earnings per share from continuing operations to increase by approximately 27% to $1.97 for the year. This earnings per share guidance includes the benefit of the company's year-to-date repurchases through the third quarter of fiscal 2010, but excludes the impact of future share repurchases.
Some of the company’s financial targets for fiscal year 2011 include: sales growth of approximately 2-2.5%; comparable store sales growth in the low single digits; capital expenditures of approximately $1.3 billion; cash flow from the business of approximately $5.4 billion and 10 new store openings.