Home Depot has announced that some of its prices will be rising because of tariff-related costs, with an executive describing the increases as “modest” and affecting only a limited number of product categories.
America’s largest home improvement retailer reported second-quarter results on Aug. 19, posting sales of $45.3 billion, up nearly 5 percent from a year earlier. Comparable U.S. sales rose 1.4 percent, while earnings came in at $4.6 billion, essentially flat compared to the same period last year.
The quarter marked a continuation of the trend Home Depot saw in the first quarter, when sales were $39.9 billion, up more than 9 percent from a year earlier but with earnings under modest pressure. In both quarters, management highlighted signs of improving market share….