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Reported Earlier: 'Home Depot CFO Says Retailer Doesn't Plan To Raise Prices Due To Tariffs' - CNBC

Benzinga·05/20/2025 15:38:34
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https://www.cnbc.com/2025/05/20/home-depot-hd-q1-2025-earnings.html

  • Home Depot stuck by its full-year guidance, even though it missed Wall Street's first-quarter earnings estimates.
  • CFO Richard McPhail said the home improvement retailer has diversified where it sources its merchandise and doesn't plan to raise prices because of higher tariffs.
  • As higher interest rates slow the housing market, the retailer has attracted more business from home professionals and acquired SRS Distribution, which sells supplies to roofing, pool and landscaping professionals.