The Home Depot, Inc. Raises FY 2012 Guidance

The Home Depot, Inc. announced that based on year-to-date performance, the Company updated fiscal 2012 guidance and now expects sales to be up approximately 4.6% for the year on a 53-week basis. The Company raised fiscal 2012 diluted earnings-per-share (EPS) guidance and now expects diluted EPS to be up approximately 17% to $2.90 for the year. This earnings-per-share guidance includes the $0.03 per diluted share benefit related to the termination of the Company's guarantee of a senior secured loan, the benefit of the Company's year-to-date share repurchases and the Company's intent to repurchase $2.4 billion in additional shares over the remainder of the year. The Company reported revenue of $70.395 billion in fiscal 2011.