Household Depot announces $15 billion buyback software

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Home Depot, the major U.S. dwelling advancement chain, on Wednesday introduced a $15 billion share repurchase program and set a focus on to expand annual sales to in between $114.7 billion and $119.8 billion by the calendar year ending January 2021.

The organization said the new buyback software, for which it did not set a time time period, would substitute its earlier authorization.

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

Household Depot mentioned it anticipated to purchase back $8 billion of shares in 2017, forward of its trader working day event afterwards on Wednesday.