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Home Depot CFO Says Retailer Won't Raise Prices Due To Tariffs, Reaffirms Full-Year Forecast

  • Home Depot announced on May 20, 2025, that it will not raise prices due to tariffs during a conference call with executives in Atlanta.
  • This decision follows Home Depot's long-term strategy to diversify sourcing, reducing reliance on China and ensuring no single foreign country exceeds 10% of purchases.
  • Despite a sluggish housing market that weighed on earnings and fewer large renovation projects, Home Depot posted a first-quarter revenue increase to $39.86 billion, slightly above analysts' forecasts.
  • Finance chief Richard McPhail stated, "Because of our scale, the great partnerships...and productivity...we intend to generally maintain pricing levels across our portfolio," contrasting with competitors like Walmart who plan price hikes.
  • Home Depot's stance suggests cost absorption to retain customers amid a trade war, while broader market concerns persist over inflation risks and weakened consumer sentiment from tariffs.
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retail-insight-network.com broke the news in on Sunday, May 18, 2025.
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