Home Depot to keep prices steady
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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 is in its peak spring sales season, but must contend with high interest rates, a sluggish housing market and tariff-related cost pressures.
Home Depot shares rose in premarket trading Tuesday after the home-improvement retailer's first-quarter sales came in better than analysts had expected.
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