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Home Depot reaffirms full-year guidance

People walk by a sign in front of a Home Depot store in El Cerrito, Calif.
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People walk by a sign in front of a Home Depot store in El Cerrito, Calif.

Home Depot on Tuesday reaffirmed its sales and earnings guidance for fiscal full year.

The retailer said, however, its guidance assumes foreign-exchange rates will remain at current levels through the fourth quarter.

Home Depot said it expects sales to increase about 5.7 percent for the year, with same-store sales up approximately 4.9 percent.

The company also expects adjusted earnings per share to grow approximately 14 percent to $5.36. The outlook includes its intent to repurchase an additional $2 billion of shares in the fourth quarter, bringing total fiscal 2015 share repurchases to $7 billion.