Home Depot targets pros

Published Tuesday, January 01, 2002

While Home Depot plans to throttle back its expansion plans, the company still expects to grow at a double-digit pace for the next few years. Robert Nardelli, company president and chief executive officer, said Home Depot will still wow investors with eye-popping 15 percent annual increases in sales over the next two years and earnings increases of over 18 percent to 20 percent through 2005. The company's sales will be about $53 billion this fiscal year, and will break $100 billion per year by 2005, he said. According to an Associated Press (AP) report, Nardelli, a former GE ...

Home Depot targets pros

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