8.7 C
Ottawa
Saturday, November 8, 2025

Home Depot Says to Expect ‘Modest’ Price Hikes Due to Tariffs

Date:

Home Depot Says to Expect ‘Modest’ Price Hikes Due to Tariffs

A Home Depot store in El Cerrito, Calif., on Feb. 21, 2023. Justin Sullivan/Getty Images

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.

spot_imgspot_imgspot_img

Share post:

Subscribe

Popular

More like this
Related

Trump Grants Hungary Exemption From Russia Energy Sanctions

U.S. President Donald Trump (L) welcomes Hungarian Prime Minister...

Trump Administration Announces Boeing Deals in Central Asia

The logo of Boeing is seen at the 55th...

China Became Worlds Largest Money LaundererHeres How the US Is Fighting Back

Chinese money laundering organizations provide ‘cheap, fast, and almost...

DOJ Launches Probe of Major Meatpackers Over Alleged Beef Price Manipulation

Beef at a grocery store in Elkridge, Md., on...