Tariffs push Home Depot to raise prices
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Big-ticket remodels slowed, traffic dipped, and tariffs loomed — but Home Depot held its guidance and showed just enough promise to send shares up 4%
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 reported weaker-than-expected quarterly earnings and sales, signaling there still hasn’t been a full-on rebound for home improvement.
Home Depot’s sales improved during its fiscal second quarter as consumers remained focused on smaller projects amid cost concerns, but its performance missed Wall Street’s expectations
The Home Depot, Inc. (NYSE:HD) is one of the stocks Jim Cramer talked about. An Investing Club member asked Cramer if it is wise to buy more shares of a winning stock at a higher price after initially buying too few.
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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.
The Republican Party of Florida removed deportation-themed shirts, hats and other merchandise from its website that featured a logo similar to Home Depot's after the retailer raised objections.
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.