Home Depot forecasts 2020 sales growth below expectations

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(Reuters) – Home improvement chain Home Depot Inc (N:) on Wednesday forecast fiscal 2020 sales growth below Wall Street expectations.

The company, ahead of its analyst day on Wednesday, said it expects fiscal 2020 sales growth of about 3.5% to 4%.

Analyst on average had expected sales growth of 4.3%, according to IBES data from Refinitiv.

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