Home Depot Won't Raise Prices Amid Tariffs
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Home Depot executives said the retailer would maintain pricing levels despite the impact of tariffs, citing its scale and relationships with suppliers.
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Home Depot’s revenue climbed in the first quarter as customers spent slightly more as they tackled smaller projects. A number of U.S. companies have lowered or pulled financial guidance for investors as tariffs launched by the the Trump administration scramble world trade but on Tuesday,
Home Depot earnings are front and center for U.S. stock investors in what will be a busy week for reports including Target and Lowe’s and any tariff price impacts for consumers. FOX Business is providing real-time updates on the markets,
Home Depot shares rose in premarket trading Tuesday after the home-improvement retailer's first-quarter sales came in better than analysts had expected.
The announcement came as the home improvement retailer posted a 9.4% sales gain in Q1 and reaffirmed its full-year guidance.
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Home Depot is in its peak spring sales season, but must contend with high interest rates, a sluggish housing market and tariff-related cost pressures.
Moderna stock soars as the FDA plans to stick to its existing process for updating Covid-19 shots for older adults and those at a high risk of severe illness, while Home Depot says it plans to keep prices unchanged despite new tariffs.
The Home Depot just gave American shoppers a little peace of mind. Its executives don't expect major price changes over the next 12 months, a huge contrast to other big chains — like Walmart, Target, and Best Buy — that have warned about tariff ...