Home Depot's finance chief says customers shouldn't expect tariff-driven price increases. “Because of our scale, the great partnerships we have with our suppliers and productivity that we continue to drive in our business, we intend to generally maintain our current pricing levels across our portfolio,” Chief Financial Officer Richard McPhail said in an interview with CNBC on Tuesday (May 20).
Home Depot (HD) came out with quarterly earnings of $3.56 per share, missing the Zacks Consensus Estimate of $3.59 per share. This compares to earnings of $3.63 per share a year ago.
Home Depot's CFO said it would maintain pricing levels despite the impact of tariffs. Richard McPhail cited strong supplier ties and productivity.
CNBC's Becky Quick reports on the company's quarterly earnings results.
Home Depot (HD) shares rose in premarket trading Tuesday after the home-improvement retailer's first-quarter sales came in better than analysts had expected.
The company's CEO said customers continued to spend on smaller home-improvement projects.
Home Depot will report quarterly earnings on Tuesday. The home improvement retailer is in its peak spring sales season, but must contend with high interest rates, a sluggish housing market and tariff-related cost pressures.
Home Depot (HD) and rival Lowe's (LOW) are scheduled to report quarterly financial results on Tuesday and Wednesday, respectively, with analysts largely bullish on both home improvement retailers' stocks.
Analysts expect a muted report from the home improvement giant, reflecting softer demand and fewer store visits amid a sluggish housing market.
One of Home Depot's critical sales metrics is expected to slow when it reports earnings. That's according to a report Monday (May 19) from Bloomberg News, citing a survey of analysts who say the home improvement retailer's comparable sales are projected to soften.
Several large retailers highlight this week's slate of scheduled earnings reports. Investors will also be reviewing housing market data for April and paying attention to a lineup of Federal Reserve officials speaking after a week when the major U.S. indexes logged gains.
Home Depot (HD) and rival Lowe's (LOW) are scheduled to report quarterly financial results on Tuesday and Wednesday, respectively, with analysts largely bullish on both home improvement retailers' stocks.