Home Depot says tariffs will lead to price increases
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In May, Home Depot said it wasn’t planning to raise prices in response to tariffs. But this week, that changed.
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GlobalData on MSNHome Depot meets Q2 2025 expectations with 4.9% sales growth
Home improvement retailer The Home Depot has recorded $45.3bn sales for the second quarter (Q2) of fiscal 2025 - a 4.9% rise from the previous year. The growth comes despite a minor impact from foreign exchange rates on total company comparable sales,
Home Depot’s sales improved during its fiscal second quarter as consumers remained focused on smaller projects amid cost concerns and economic uncertainty, but its performance missed Wall Street’s expectations.
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 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.
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.