Home Depot Won't Raise Prices Amid Tariffs
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Walmart opened the door for retailers to hike prices over tariffs, but Home Depot doesn't plan to. Digging into each business helps explain why.
Q1 2025 Management View Ted Decker, Chair, President & CEO, highlighted that "Sales for the first quarter were $39.9 billion, up 9.4% from the same period last year. Comp sales declined 0.3% from the same period last year,
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 executives said the retailer would maintain pricing levels despite the impact of tariffs, citing its scale and relationships with suppliers.
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,
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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 ...