THE NEWS: Home Depot Inc. raised its 2010 earnings guidance for the second time in two months as November sales came in better than expected. But revenue growth overall remains constrained.
THE CONTEXT: Home improvement retailers are dealing with homeowners' focus on smaller projects as the housing market remains uncertain and unemployment is stuck at its highest level in decades.
THE FUTURE: Home Depot plans to open 10 new stores in 2011, including seven in Mexico. It plans $1.3 billion in capital expenditures and about $2.5 billion in share repurchases.