Tariffs push Home Depot to raise prices
Digest more
Home Depot’s sales improve
Digest more
Lowe’s stock gains after it beat earnings expectations a day after Home Depot missed. Lowe’s also announced it was buying a bigger building-products company than its rival did in June.
In May, Home Depot said it wasn’t planning to raise prices in response to tariffs. But this week, that changed.
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.
Home Depot's EPS growth has stalled despite revenue boosts. Can declining interest rates spark recovery? Explore valuation insights and growth prospects.
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's Q2 earnings fell slightly short of Wall Street's target, but the company announced some news that has potentially huge implications.
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.
Several big-box U.S. retailers are set to report second-quarter earnings this week, offering a glimpse into the spending habits of U.S. consumers and the continued impact of President Trump’s trade war.
"We don't allow any organization to use our branding or logo for their commercial purposes," a Home Depot spokesperson told Newsweek.