Home Depot Warns Of Price Changes From Tariffs
Digest more
Home Depot’s sales improved during its fiscal second quarter as consumers remained focused on smaller projects amid cost concerns and economic uncertainty, but its performance missed Wall Street’s expectations.
Home Depot kept its annual forecasts intact despite posting muted quarterly results on Tuesday, but said some products may see small price hikes due to tariffs after previously suggesting they would generally not change.
Home Depot (HD) shares rise despite earnings missing on the top and bottom lines, with same-store sales also falling short of expectations. D.A. Davidson managing director and senior research analyst Michael Baker says investors are buying Home Depot today,
The League of United Latin American Citizens (LULAC) is urging Home Depot to limit the presence of U.S. Immigration and Customs Enforcement (ICE) officers at its stores amid the Trump administration’s crackdown on illegal immigration.
In Q1, Home Depot experienced solid demand for smaller projects and seasonal activities; however, high interest rates deterred many consumers
Home Depot said tariffs will soon start hitting some price tags even as consumers continue to hold off on larger projects because of higher interest rates and economic uncertainty.
The company's full-year forecast assumes no substantial change in the number of consumers revamping their homes.
Lowe’s stock gains after it beat earnings expectations a day after Home Depot missed. Lowe’s also announced it was buying a bigger building-products company than its rival did in June.