Here is how tariffs will affect prices at home depots

Several home depots officials said on Tuesday that the company is not planning to increase prices due to tariffs.

“More than 50% of our procurement is sour in the United States,” CEO TED Decker said On Tuesday, according to Exios during the company’s quarterly earnings. “In the last several years, we have worked diligently with our vendors to diversify our global supply chain.”

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Home Depot Chief Financial Officer Richard McFel told CNBC Home improvement company will be able to maintain its current price level due to these connections.

“Due to our scale, the great partnership we have with our suppliers and productivity, we continue to drive in our business, we usually intend to maintain our current pricing level in our portfolio,” McFel said.

He said that more than half of what the company sells comes from America.

^{Ted Decker participates in 2023 beloved benefits presented by the same House at Georgia World Congress Center in Georgia, Georgia, Georgia, Georgia, Georgia, Georgia, Georgia. Getty image.}

CostCo is also working to keep prices low with its vendors and suppliers, the company’s CEO, Ron Vaccheris said in his second quarter Earning call in march,

Vaicharis said at that time, “(this is difficult to predict the effect of tariffs), but our team remains agile, and our goal will be to reduce the impact of increase in the related costs for our members.” There is no update yet.

However, Walmart said last week that the company would increase prices in the next few months to cover the cost from tariffs.

Walmart CEO Dag McMillan said Earning call This Walmart cannot “absorb” high costs, given the reality of narrow retail margin, “this is due to the company’s” low pricing of everyday “.

Macmillan said on the call, “Even at low levels, high tariffs will result in high prices.”

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The first quarter of the customer transactions in the home depot websites and shops increased by 2.1% year -on -year in CNBC notes.

“We do not see a comprehensive-based price growth for our customers,” said Billy Bastek, Executive Vice President of Merchandising on Call, “said the executive vice president of merchandising on call.