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Home Depot announces $15 billion share buyback, targets $120-bn sales

On its investor day webcast, the Atlanta-based company said it would invest in making check-out faster for customers as well as wages and scheduling for employees


Home Depot Inc announced a $15 billion share buyback on Wednesday and targeted annual sales of up to $120 billion over the course of the next three years as it accelerates investment in stores, employees and deliveries. The United States' largest home improvement store chain said it would complete buybacks this year worth $8 billion by the end of its fiscal fourth quarter ending in January 2018. Home Depot is riding a multi-year recovery in the US housing market and has also benefited from reconstruction and repair work related to Hurricanes Irma and Harvey that struck the ...

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First Published: Wed, December 06 2017. 20:47 IST