In response, the company’s executives identified the reason behind the trend and the drastic action Home Depot is taking to calm a major customer concern. 💵💰Don't miss the

The home improvement chain broke from many other retailers, who say they cannot afford to absorb new tariffs. President Trump recently attacked Walmart for warning of price hikes.

At Lowe’s, April sales tumbled nearly 3% year-over-year after having risen 6.6% in March, debit and credit card purchase data from Affinity Solutions revealed. Home Depot saw just a 0.7% jump after a 4.2% rise in March, according to the data.

Home Depot (HD) topped its first quarter revenue estimates ($39.86 billion vs. expectations of $39.29 billion) while falling just shy of adjusted earnings estimates ($3.56 vs. estimates of $3.59 per share).

Retailer pushed suppliers to source outside China and keep prices low; big-ticket home projects on hold

Q1 2025 Earnings Conference Call May 20, 2025 9:00 AM ETCompany ParticipantsIsabel Janci - VP of IR and TreasurerTed Decker

Home Depot earnings are expected to show that consumers likely pushed off home renovation projects yet again this quarter.