Home Depot's Sales Slip: What's Next for Prices?

Financial Overview

• Earnings: $4.6 billion (less than expected)
• Revenue: $45.2 billion (vs. predicted $45.3 billion)
• Improvement from Q1: $39.8 billion

CEO and CFO Statements

• CEO Ted Dinker: Results were as expected.
• CFO Richard McPhail:
• Warned of possible price increases due to tariffs.
• Assured price changes won't be widespread.

Market and Customer Trends

• Imports: Less than half of products are imported.
• Customer Behavior: Smaller home projects preferred.
• Tariffs Impact: Possible price changes hinted (no specific products mentioned).

Retailer Comparisons

• Upcoming Reports: Lowe’s, Target, Walmart.
• Industry Insights: Clarity on tariff impacts expected.

Foot Traffic and Online Sales

• Foot Traffic:
• July: Down 4.3%
• Year-to-Date: Down at least 2.5%
• Online Sales: Up 12% compared to last year.