The home improvement retailer, which has experienced sluggish sales, also said the price strategy could help it compete better with rivals.

Home Depot reported a mixed first quarter, with EPS that came in below expectations. Home Depot's profit margins are higher than many competitors. Walmart said last week that it would need to raise some prices,

The maintained forecast comes during a period when numerous corporations have either revised or withdrawn financial guidance due to rapidly changing tariff policies from the current presidential administration. Home Depot’s willingness to maintain its outlook suggests confidence in its ability to navigate these uncertain trade conditions.