Home Depot Warns Of Price Changes From Tariffs
Digest more
Home Depot's sales improve
Digest more
Intel rises following an announcement that SoftBank would invest $2 billion in the chip maker, and Home Depot trades higher after maintaining fiscal-year sales guidance.
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.
In Q1, Home Depot experienced solid demand for smaller projects and seasonal activities; however, high interest rates deterred many consumers
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.
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 (HD) reported second quarter results that missed on revenue, earnings, and same-store sales growth. Yet shares are rising in pre-market trading on hopes that consumers focusing on small home improvement projects could benefit the retailer.
Three months ago, Home Depot said it didn’t expect prices to rise due to tariffs. Now, that seems likely to change.
Feedback