Home Depot aims for a dozen digits

Atlanta-based The Home Depot set fiscal 2018 financial targets, including total sales of approximately $101 billion.

The company announced the long-term financial targets as part of its Dec. 8 Investor Conference.



Other targets for fiscal 2018:

A compounded annual sales growth rate from the end of 2015 of about 4.7%; Operating margin of about 14.5%; and return on invested capital of about 35%.

The Home Depot -- which generated $83.2 billion in sales in 2014 -- pointed to recent success in its forecasting. By the end of fiscal 2015, it expects to meet targets set in December of 2013 -- an operation margin target of 13% and a 27% return on invested capital.

"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,” said Craig Menear, chairman, CEO and president, in a statement.