Home Depot to report earnings with tariffs
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Home Depot’s revenue climbed in the first quarter as customers spent slightly more as they tackled smaller projects. Revenue rose to $39.86 billion from $36.42 billion a year earlier, beating the $39.
Home Depot is in its peak spring sales season, but must contend with high interest rates, a sluggish housing market and tariff-related cost pressures.
Home Depot beat Wall Street estimates for first-quarter sales on Tuesday as the world's largest home improvement retailer enjoyed resilient demand from professional contractors and small-scale repair works by existing homeowners.
Home-improvement retailer Home Depot ( HD) reported fiscal 2025 first-quarter results before the bell Tuesday. A summary of its key numbers is below. Read the company's earnings press release here .
The company’s CEO said customers continued to spend on smaller home-improvement projects.
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Home Depot Inc.’s sales came in shy of expectations during the latest quarter, a sign that weakening consumer sentiment and economic turbulence are squeezing spending.
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Home Depot (HD) will be kicking off the earnings week for major retailers, releasing first quarter results before Tuesday's market open. Yahoo Finance senior retail reporter Brooke DiPalma comes on Market Domination Overtime to explain what Wall Street is expecting out of the home improvement store's latest figures and guidance forecasts,
Stock futures were slightly lower in premarket trading Tuesday. Home Depot said it wouldn't raise prices due to tariffs. Mortgage rates are back above 7% after a Moody's downgrade of the U.S. credit rating.
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Tesla was up 0.6% in premarket trading after shares of the electric-vehicle company closed down 2.3% on Monday. Tesla shares have declined 15% this year but have jumped about 44% since reporting first-quarter earnings on April 22.