Home Depot says tariffs will lead to price increases
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Home Depot’s sales improve
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Home Depot reported weaker-than-expected quarterly earnings and sales, signaling there still hasn’t been a full-on rebound for home improvement.
Key Takeaways Economic uncertainty has deterred homeowners from doing larger renovations, though the outlook may be getting clearer now that a tax policy is in place, Home Depot CEO Edward Decker said.
In Q1, Home Depot experienced solid demand for smaller projects and seasonal activities; however, high interest rates deterred many consumers
The blue-chip Dow briefly hit a record high on Tuesday, aided by a rise in Home Depot's shares after the retailer kept its annual forecasts intact, while caution dominated the overall mood ahead of a Federal Reserve conference later in the week.
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.
The stock closed nearly 7% higher Tuesday after Japan’s SoftBank (JP:9984) agreed to invest $2 billion in
The League of United Latin American Citizens (LULAC) is urging Home Depot to limit the presence of U.S. Immigration and Customs Enforcement (ICE) officers at its stores amid the Trump administration’s crackdown on illegal immigration.
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.
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