US EditionHome Depot CFO Says Retailer Won't Raise Prices Due To Tariffs, Reaffirms Full-Year Forecast
- Home Depot announced on Tuesday it will not raise prices due to tariffs and reaffirmed its full-year sales growth forecast amid a challenging market.
- This decision follows years of Home Depot diversifying its supply chains, reducing reliance on China and expecting no foreign country to exceed 10% of purchases within 12 months.
- In contrast to competitors like Walmart and Subaru, which have increased or announced intentions to increase prices in response to tariffs imposed under the Trump administration, Home Depot reported first-quarter revenue of $39.86 billion, surpassing analyst predictions.
- Home Depot’s same-store sales in the U.S. Increased by 0.2%, beating Wall Street’s forecast of a 0.1% decline, while customer transactions rose 2.1% during the quarter.
- The steady pricing and sales growth suggest Home Depot’s supply diversification strategy may mitigate tariff impacts, but the weak housing market and cautious consumer spending weigh on larger project demand.
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Home Depot Blows Gaping Hole in Media's Tariff Predictions, Proves Trump Right Yet Again
Remember those universal price spikes everyone predicted when Trump announced his “Liberation Day” tariff package in early April? Yeah, about those: Not only do we not see across-the-board numbers that […] The post Home Depot Blows Gaping Hole in Media's Tariff Predictions, Proves Trump Right Yet Again appeared first on The Western Journal.
·Phoenix, United States
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Leaning Left21Leaning Right21Center95Last UpdatedBias Distribution69% Center
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