This week, The Home Depot described progress toward strategic goals and outlined long-term financial targets for the company.
The retailer’s key strategic initiatives continue to be centered on customer experience, product authority and productivity, as well as new goals, according to the company.
In December 2013, Home Depot had announced an operating margin target of 13 percent and a goal of 27 percent return on invested capital target by the end of fiscal 2015. The company anticipates reaching these targets by the end of fiscal 2015.
New long-term, 2018 financial goals include:
- Total sales of approximately $101 billion
- A compounded annual sales growth rate from the end of fiscal 2015 of approximately 4.7 percent
- Operating margin of approximately 14.5 percent
- Return on invested capital of approximately 35 percent
“While our strategic priorities are evolving to reflect the changing needs of our customers and our business, we will continue to focus on delivering the experience and value that our customers and shareholders expect from The Home Depot,” says Craig Menear, chairman, CEO and president.