Home Depot won’t raise prices because of tariffs, as U.S. sales show surprise growth

Earnings Results

Home Depot missed expectations for profit for the first time in years, while beating expectations for revenue and comparable sales and maintaining its full-year guidance

Last Updated: May 20, 2025 at 12:37 p.m. ET
First Published: May 20, 2025 at 6:14 a.m. ET

Home Depot Inc. ended its five-year run of earnings beats Tuesday, but the stock rose as the home-improvement retailer beat Wall Street’s first-quarter revenue expectations and maintained its full-year guidance.

Investors also seemed to appreciate Chief Financial Officer Richard McPhail’s comments on CNBC that Home Depot HD doesn’t plan to raise prices as a result of tariffs. That follows the drama created by discount retail giant Walmart Inc. WMT, which drew criticism from President Donald Trump over the weekend for comments from the company last week that prices would be raised because of tariffs.