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

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

This decision follows the company’s Q1 results, which met expectations. The company also confirmed its guidance for the future.

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.

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

Lowe's Companies (NYSE:LOW) gained in premarket action despite beating consensus estimates with its Q1 earnings report and sticking by its full-year guidance despite the macroeconomic backdrop. For the first quarter,

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