Companies

Home Depot Says Tariffs Won’t Impact Store Prices, Shares Spike Before Retreating

The company stated that it remains ‘bullish’ on the fundamentals of home improvement.
Home Depot Says Tariffs Won’t Impact Store Prices, Shares Spike Before Retreating
The exterior of a Home Depot store in El Cerrito, Calif., in a file photo. Justin Sullivan/Getty Images
Wesley Brown
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Shares of Home Depot rose by nearly 9 percent in early trading on May 20 after the Atlanta-based home improvement company stated that it doesn’t plan to raise in-store prices despite concerns of a possible recession in the first quarter.

During the company’s conference call ahead of the opening bell, Home Depot Chairman and CEO Ted Decker told Wall Street analysts that the company is still seeing an increase in customer visits and spending amid concerns about tariffs and last week’s highly watched national report indicating a decline in consumer confidence nationwide.
Wesley Brown
Wesley Brown
Author
Wesley Brown is a long-time business and public policy reporter based in Arkansas. He has written for many print and digital publications across the country.