![]() ![]() ![]() Mid-to-high-single-digit diluted earnings-per-share growth.Operating margin expansion driven by a combination of sales leverage and productivity.Sales growth between 3% and 4% per year.The overall home improvement market to grow by low-single digits.Today the company provided a Market Stability Base Case outlook: Diluted earnings-per-share-percent-decline between 7% and 13% compared to fiscal 2022.Interest expense of approximately $1.8 billion.Operating margin rate to be between 14.3% and 14.0%.Sales and comparable sales to decline between 2% and 5% compared to fiscal 2022. ![]() The company reaffirmed its guidance for fiscal 2023: While we are the number one home improvement retailer in the world, we have a relatively small share of the market today, and there are significant opportunities in front of us," said Decker. "We operate in a large and highly fragmented market with unique characteristics that make it one of the most attractive sectors in retail, if not the economy as a whole. "Investments we've made over the last several years have further strengthened our distinct competitive advantages and enabled agility in our operating model." "While a lot has changed in the environment and our business since our last Investor and Analyst Conference, our objectives to grow market share and deliver exceptional shareholder value remain unchanged, and our culture and values remain our guideposts," said Ted Decker, chair, president, and CEO. ET and will be available in its entirety through a live webcast and replay at ir./events-and-presentations.ĭuring today's conference, the company will discuss its strategic priorities to deliver the best customer experience in home improvement, develop differentiated capabilities and extend its low-cost provider position. ![]()
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