Home Depot's sales improve
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Home Depot's Q2 earnings fell slightly short of Wall Street's target, but the company announced some news that has potentially huge implications.
Retailers including Lowe’s and Walmart will hold earnings calls this week, which could indicate the impact of tariffs on spending.
The company's full-year forecast assumes no substantial change in the number of consumers revamping their homes.
The blue-chip Dow briefly hit a record high on Tuesday, aided by a rise in Home Depot's shares after the retailer kept its annual forecasts intact, while caution dominated the overall mood ahead of a Federal Reserve conference later in the week.
The nation’s largest home improvement chain said during an earnings call on Tuesday that pricing changes would affect specific product categories.
Home Depot (HD) reported second quarter results that missed on revenue, earnings, and same-store sales growth. Yet shares are rising in pre-market trading on hopes that consumers focusing on small home improvement projects could benefit the retailer.
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.
Home Depot Inc. said that the raft of tariffs implemented by President Donald Trump will lead to some price increases on certain products, but that they won’t be wide-ranging. The company reported fiscal second-quarter results that missed expectations,
Intel rises following an announcement that SoftBank would invest $2 billion in the chip maker, and Home Depot trades higher after maintaining fiscal-year sales guidance.
Home Depot will report quarterly earnings before the bell on Tuesday, as the retailer leans on roofers, landscapers and other home professionals to help drive sales growth and weather tariff-related uncertainty. Here's what Wall Street expects for Home Depot's fiscal second quarter, according to a survey of analysts by LSEG:
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