Tariffs push Home Depot to raise prices
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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.
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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,
In May, Home Depot said it wasn’t planning to raise prices in response to tariffs. But this week, that changed.
Home Depot Inc (NYSE: HD) stock falls after Q2 results, but analysts remain bullish with increased price targets. $HD
In Q1, Home Depot experienced solid demand for smaller projects and seasonal activities; however, high interest rates deterred many consumers
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.
"We don't allow any organization to use our branding or logo for their commercial purposes," a Home Depot spokesperson told Newsweek.
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.