US EditionSome prices to rise at Home Depot despite earlier stance, CFO says
Home Depot's CFO acknowledges tariffs on imported materials could force price hikes as the company's second-quarter sales growth slowed to 1%, below analyst forecasts.
- Home Depot reported its second-quarter earnings on Tuesday and cautioned that tariffs might force the company to increase its prices.
- The potential price increase follows President Donald Trump's higher tariffs on imported materials, which sharply raised costs this quarter.
- CFO Richard McPhail noted that tariff rates are significantly higher than last quarter, forcing Home Depot to consider modest price adjustments.
- Home Depot's sales rose 1 percent, below the 1.5 percent analysts predicted, reflecting cautious consumer behavior amid rising borrowing costs and uncertainty.
- These developments suggest Home Depot may modestly increase prices despite earlier reluctance, signaling pressure on consumers from ongoing trade policies.
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Total News Sources32
Leaning Left4Leaning Right1Center23Last UpdatedBias Distribution82% Center
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- 82% of the sources are Center
82% Center
14%
C 82%
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