Home Depot misses by $0.07, reports revs in-line; guides FY20 EPS below consensus, revs in-line; authorizes buyback; increases dividend (189.98)
- Reports Q4 (Jan) earnings of $2.09 per share, $0.07 worse than the S&P Capital IQ Consensus of $2.16; revenues rose 10.9% year/year to $26.49 bln vs the $26.57 bln S&P Capital IQ Consensus.
- Results include $0.16 impairment charge
- Co issues guidance for FY20, sees EPS of $10.03 vs. $10.25 S&P Capital IQ Consensus; sees FY20 revs of $111.77 bln vs. $111.76 bln S&P Capital IQ Consensus.
- Comparable sales expected around 5.0%
- Gross margin expected around 34.0% and operating margin expected around 14.4%
- Co expects to repurchase $5.00 bln worth of shares
- Capital spending expected around $2.70 bln
Co reaffirmed fiscal 2020 target for total sales between $115 bln and $120 bln and operating margin between 14.4% and 15.0%.
Board of Directors authorized new $15 bln share repurchase program and a 32.0% increase in the quarterly dividend to $1.36 per share