Home Depot
The company said on Tuesday that it would not raise the prices of consumers to compensate for President Donald Trump’s tariff.
“Because of our scale, the great partnerships that we have with our suppliers and productivity that we continue to lead in our business, we intend to maintain the current pricing levels through our portfolio,” CNBC.
The news of pricing comes at a time when Home Depot overcame Wall Street’s estimates for the sales of the first quarter on Tuesday, where he took advantage of the demand for the projects to do yourself before the spring, along with its career base, which includes contractors.
The largest fragmentation in the field of home improvement in the world witnessed the net sales of 9 % from last year, achieving $ 39.86 billion for the quarter ending on May 4.
Home Depot Inc.
$
379.38
The retail chain in 2025 kept its forecast without change, with the total sales growth goal by 2.8 %. The shares of the company increased by 2 % in the pre -market trade.
The Home Depot strategy continues to prices, unlike other great retail experiences, Walmart, which announced last week that it is Plan to raise prices Because of the “size” of definitions.
Treasury Secretary Scott Bessin said on Sunday that he spoke with the CEO of Wall Mart Doug McMelon after Trump warned the retail giant of “eating definitions.” Pesin McMelon said He told him that the retail seller will absorb “some definitions”, although others may be transferred to the consumer.
Reuters contributed to this report.
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