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.
185 Articles
185 Articles
Home Depot CFO: No Price Hikes Despite Tariffs, Sticks to Guidance Amid Housing Slowdown
Home Depot CFO says retailer doesn’t plan to raise prices due to tariffs Home Depot stuck by its full-year guidance, even though it missed Wall Street’s first-quarter earnings estimates. CFO Richard McPhail said the home improvement retailer has diversified where it sources its merchandise and doesn’t plan to raise prices because of higher tariffs. As higher interest rates slow the housing market, the retailer has attracted more business from ho…
Major U.S. Chain Blames Fed for Slower Sales, Not Tariffs.
PULSE POINTS: What Happened: Home Depot reiterated its full-year sales forecast and announced it would not raise prices in response to tariffs. Who’s Involved: Home Depot, Chief Financial Officer Richard McPhail, U.S. consumers, suppliers. Where & When: United States, fiscal first quarter ending May 4. Key Quote: “We intend to generally maintain our current pricing levels across our portfolio,” said CFO Richard McPhail. Impact: Home Depot’s pric…
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