Home Depot Cfo Says Retailer Won’t Raise Prices Because Of Tariffs

CNBC — Home Depot on Tuesday stuck by its full-year sales forecast as a top executive told CNBC the retailer won’t hike prices because of tariffs.

“Because of our scale, the great partnerships we have with our suppliers and productivity that we continue to drive in our business, we intend to generally maintain our current pricing levels across our portfolio,” McPhail told CNBC in an interview.

More than half of what the company sells comes from the U.S., he said. McPhail added that Home Depot and its suppliers have worked to diversify the source of the company’s imports over the past several years, including by decreasing the share of purchases that come from China. By this time next year, no single country outside of the U.S. will represent more than 10% of the company’s purchases, he said.

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