Home Depot Warns Of Price Changes From Tariffs
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GlobalData on MSNHome Depot meets Q2 2025 expectations with 4.9% sales growth
Home improvement retailer The Home Depot has recorded $45.3bn sales for the second quarter (Q2) of fiscal 2025 - a 4.9% rise from the previous year. The growth comes despite a minor impact from foreign exchange rates on total company comparable sales,
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 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.
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.
The home-improvement chain is now one of the companies most caught up in Trump's immigration crackdown. The retailer's history with day laborers is long. So far, it's choosing to keep its distance.
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The company's full-year forecast assumes no substantial change in the number of consumers revamping their homes.
Home Depot Inc (NYSE: HD) stock falls after Q2 results, but analysts remain bullish with increased price targets. $HD