Home Depot announces $15 billion buyback program

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A construction workman buys lumber for home framing during a Home Depot store in Los Angeles, California.

Home Depot, a largest U.S. home alleviation chain, on Wednesday announced a $15 billion share repurchase devise and set a aim to grow annual sales to between $114.7 billion and $119.8 billion by a year finale Jan 2021.

The association pronounced a new buyback program, for that it did not set a time period, would reinstate a prior authorization.

It announced a $15 billion share repurchase module in February.

Home Depot pronounced it approaching to buy behind $8 billion of shares in 2017, forward of a financier day eventuality after on Wednesday.

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