Home Depot raises full-year profit forecasts

Home Depot Inc., the world's largest home-improvement retailer, raised its profit forecasts for the year Wednesday. It estimated its per-share profit to be flat to down 7% with adjusted profit declining by 20% to 26%. That compared with its previous guidance of profit falling 7% and on an adjusted basis, dropping by 26%. Its sales are estimated to decline by about 9% with comparable store sales expected to fall in the high-single-digit percentage. The forecasts were given ahead of the company's investor and analyst conference to be hosted in Atlanta Wednesday morning.

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- Posted: 2009-06-10 09:17:28

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