US Edition
Home Depot CFO Says Retailer Won't Raise Prices Due To Tariffs, Reaffirms Full-Year Forecast
- Home Depot announced on Tuesday that it will not raise prices due to tariffs despite cost pressures affecting competitors.
- The company attributed this stance to years of diversifying suppliers and ensuring no single foreign country accounts for more than 10% of purchases.
- Home Depot reported first-quarter revenue rose to $39.86 billion, beating analyst expectations amid a weak housing market and fewer large renovation projects.
- Executive Vice President Billy Bastek stated that Home Depot does not anticipate implementing widespread price hikes for its customers in the foreseeable future, confirming the company’s commitment to maintaining stable pricing.
- This pricing choice contrasts with retailers like Walmart, which have already raised or plan to raise prices due to tariffs affecting their margins.
Insights by Ground AI
Does this summary seem wrong?
191 Articles
191 Articles
All
Left
21
Center
94
Right
21
Home Depot Blows Gaping Hole in Media's Tariff Predictions, Proves Trump Right Yet Again
Remember those universal price spikes everyone predicted when Trump announced his “Liberation Day” tariff package in early April? Yeah, about those: Not only do we not see across-the-board numbers that […] The post Home Depot Blows Gaping Hole in Media's Tariff Predictions, Proves Trump Right Yet Again appeared first on The Western Journal.
·Phoenix, United States
Read Full Article
Coverage Details
Total News Sources191
Leaning Left21Leaning Right21Center94Last UpdatedBias Distribution69% Center
Bias Distribution
- 69% of the sources are Center
69% Center
15%
C 69%
15%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
