Home Depot To Buy Back $1B Of Outstanding Shares Through Acc

March 29, 2011

Home Depot (NYSE:HD) said it will buy back $1 billion of outstanding shares through an accelerated share repurchase program with Barclays Capital.The accelerated share repurchase was in addition to its announced plan to buy back about $2.5 billion of outstanding shares throughout 2011.Home Depot also reiterated its fiscal 2011 sales and earnings per share outlook. It expects sales to be up 2.5% for the year, and sees EPS of $2.20, excluding share repurchases.