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:

More like this
Related

Oil Prices Fall After US, Iran Pause Attacks

Sunset clouds glow over pump jacks at the Airankol...

Pentagon Adds Many of Chinas Top Civilian Universities to Blacklist

The Pentagon has flagged a list of prominent Chinese...

Chinese National Sentenced to 87 Months for Attempts to Ship Meth to Australia

A Chinese national has been sentenced in Los Angeles...

Taiwan Officials Warn Beijing Is Turning Taiwans Political Divisions Into Distrust

Beijing does not need to convince the Taiwanese people...