Building supply chain Home Depot is sticking to its full-year forecast despite some uncertainty among American consumers as well as what effects it will have of President Donald Trump's tariffs.
This despite the fact that the company's sales in comparable stores were somewhat lower than the market's expectations during the second quarter. The profit per share did not reach up to the analysts' expectations either.
The chain states that they continue to see that consumers choose to pause large renovation projects at the same time as they flag that certain goods will increase in price as a consequence of the tariff increases. Home Depot is, however, one of the retail giants in the USA that has large domestic production, more than 50 percent of the chain's goods are manufactured in the USA and are not affected by any tariffs.
Later in the week, Walmart and Target will also submit their interim reports for the second quarter.
