Home Depot raises prices on some imports due to tariffs

Home Depot warns tariffs will push prices higher in a subset of imported goods, with only modest moves in select categories.

Home Depot raises prices in some categories amid tariffs

Home Depot reported a 5% jump in quarterly sales but a 0.2% dip in net income as higher operating costs weighed on margins. CFO Richard McPhail said some price increases will be necessary on a limited range of imported goods because tariff rates are higher than last quarter. The company noted about half of its inventory comes from outside the United States and reiterated plans to diversify suppliers so no single country accounts for more than 10% of goods.

The tariff development adds a new driver to a fragile home improvement cycle. By signaling targeted price moves while preserving broad product availability, Home Depot aims to shield itself from supply shocks without fueling inflation across all categories. The company also stays focused on resilience through supplier diversification, a move designed to weather policy shifts. Still, higher costs and ongoing uncertainty compress near-term earnings and slow big renovation plans. If mortgage rates ease, demand could rebound, but timing remains uncertain as households balance cost, confidence and housing goals.

Highlights

Tariffs remain a moving target that could shape buying decisions for months to come.