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

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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 ire from President Donald Trump over the weekend for comments made last week that prices would be raised because of tariffs.

This post was originally published on Market Watch

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