The Home Depot, Inc. (HD)
Home Depot Stock Pops After Reaffirming Full-Year Forecast
Home Depot Inc (NYSE:HD) stock is in focus this morning, after the home improvement giant made headlines by stating it will not raise prices in response to new tariffs -- a direct contrast to Walmart (WMT) , which recently warned of higher consumer prices.
Home Depot reports rise in Q1 profits despite ‘skittish housing market'
Home Depot's revenue climbed in the first quarter as customers spent slightly more as they tackled smaller projects.A number of U.S. companies have lowered or pulled financial guidance for investors as tariffs launched by the the Trump administration scramble world trade but on Tuesday, Home Depot stuck by earlier projections of sales growth at around 2.8%.Shares of the Atlanta company rose more than 3% before the opening bell on Tuesday.Revenue rose to $39.86 billion from $36.42 billion a year earlier, beating the $39.3 billion that analysts polled by FactSet expected.Sales at stores open at least a year, a key gauge of a retailer's health, edged down 0.3%. In the U.S., comparable store sales climbed 0.2%.Wall Street anticipated a 0.1% decline in same-store sales.Customer transactions rose 2.1% in the quarter.
Home Depot Won't Raise Prices Amid Tariffs—As These Companies Warn Of Tariff Impacts
Home Depot, whose first-quarter earnings fell just below analyst expectations despite beating revenue projections, according to FactSet, reported the company will hold onto its forecast for full-year sales. Chief Financial Officer Richard McPhail told CNBC that, “because of our scale” and Home Depot's “great partnerships” with suppliers, the company plans to “generally maintain our current pricing levels across our portfolio.
Home Depot Sticks to ‘Current Pricing Levels' Despite Tariffs
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) Q1 Earnings Lag Estimates
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 won't be raising prices due to tariffs, CFO says
Home Depot's CFO said it would maintain pricing levels despite the impact of tariffs. Richard McPhail cited strong supplier ties and productivity.
Home Depot CFO says retailer won't raise prices due to tariffs, reaffirms full-year forecast
CNBC's Becky Quick reports on the company's quarterly earnings results.
Home Depot Tops Sales Estimates, Affirms Full-Year Outlook
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.
Home Depot Backs Guidance as Sales Top Estimates
The company's CEO said customers continued to spend on smaller home-improvement projects.
Home Depot will report earnings before the bell. Here's what to expect
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.
What Analysts Think of Home Depot and Lowe's Stocks Ahead of Earnings
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.
Home Depot's Earnings Could Mirror a Sluggish Housing Market
Analysts expect a muted report from the home improvement giant, reflecting softer demand and fewer store visits amid a sluggish housing market.
