Home Depot CFO says retailer doesn’t plan to raise prices due to tariffs

Home Depot stuck by its full-year guidance, even though it missed Wall Street’s first-quarter earnings estimates.

CFO Richard McPhail said the home improvement retailer has diversified where it sources its merchandise and doesn’t plan to raise prices because of higher tariffs.

As higher interest rates slow the housing market, the retailer has attracted more business from home professionals and acquired SRS Distribution, which sells supplies to roofing, pool and landscaping professionals.