Home Depot expects eight new stores, 5% sales growth in fiscal 2014

Atlanta – The Home Depot plans to open new eight new stores and increase sales by approximately 5% during fiscal 2014. The retailer released guidance for both fiscal 2013 and 2014 on Dec. 10.

For fiscal 2013, Home Depot has reaffirmed guidance of 5.6% sales growth and 7% same-store sales growth.

At the end of the third quarter of fiscal 2013 the retailer operated a total of 2,260 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2012, Home Depot had sales of $74.8 billion and earnings of $4.5 billion. The company employs more than 300,000 associates.