Home Depot Unveils Strategy Behind Newly Raised Goals
By:
Investors.com
Posted on June 19, 2012 at 16:41 PM EDT
The world's largest home improvement specialty retailer provided more detailed guidance on how it will go about achieving newly lifted long-term growth projections. On June 6, Home Depot (HD) raised its long-term operating profit margin goal from 10% a year return to 12%, and raised its goal for return on invested capital to 24% from 15%. Senior VP of Finance Ted Decker said Tuesday at Jefferies Global Consumer Conference: "We know retail is
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