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The Latest Breaking News from Richard McPhail

Home Depot Reports Stronger Sales As Smaller Home Projects Offset Renovation Pullback

Home Depot reaffirmed its full-year guidance after reporting nearly 5% sales growth during a quarter marked by economic uncertainty, elevated mortgage rates and geopolitical tensions.

International Business Times

Home Depot Q1 Earnings Call Highlights

Home Depot (NYSE:HD) reported first-quarter fiscal 2026 results that were in line with management’s expectations, with modest comparable-sales growth despite continued pressure from housing affordability, higher interest rates and cautious consumer behavior around large projects. The home improveme

MarketBeat

Home Depot says a deep funk in the housing market is responsible for its sales slump: ‘Our customers are homeowners’

The U.S. housing market is currently experiencing historic stagnation.

Fortune

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Home Depot's pricing strategy to balance margins and customer loyalty, says analyst

For some imported goods, tariff rates are significantly higher today than they were at this time last quarter, according to Home Depot.

Fortune

Home Depot becomes the latest company to raise their prices due to Trump’s tariffs

CFO Richard McPhail warns of ‘modest price movement’ to mitigate ‘significantly higher’ import taxes

The Independent UK

Home Depot says tariff price increases are coming and customers are putting off larger home-improvement projects as worries about the economy fester

Consumers are hesitant to take out loans for bigger projects, said Home Depot’s CFO.

Fortune

Fighting Back: How Home Depot Plans to Beat Tariffs Without Punishing Customers

Home Depot has pledged not to raise prices despite Trump's new tariffs, setting itself apart from over half of US companies now hiking costs.

International Business Times UK

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Home Depot claims it won’t raise its prices in response to Trump’s tariffs

‘It’s a great opportunity for us to take share, and it’s a great opportunity for our suppliers to take share as well,’ executive vice president says

The Independent UK

Home Depot exec says Americans may soon embrace sky-high mortgage rates as 'the new normal' and invest in housing anyway

Historic mortgage rates show today’s rates are more "normal" than they were just a few decades ago.

Fortune

Home Depot projects weakened sales, spelling shaky economic conditions

High interest rates and inflation push home improvement projects back

Fortune

CEO resignation closes chapter on 'horrific' situation

A former executive says ex staff and his family are 'jumping for joy' at the news of the resignation of the Gore council's longtime boss. Vaneesa Bellew reports

Newsroom.co.nz

Council staff 'extremely unprofessional' towards Gore Mayor Ben Bell at times, board chair says

The effort to oust Gore Mayor Ben Bell is "ridiculous", Mataura Community Board chair Nicky Coats says.

Newsroom.co.nz

2250 sign Gore petition to oust council CEO

Residents of the deep south town of Gore are asked to back a petition calling for the removal of longstanding council chief executive Stephen Parry

Newsroom.co.nz

Home Depot revenues up in strong start to year

Home Depot had sales of $38.9 billion during the first quarter of its fiscal year, powering through inflation with a continued surge of demand from consumers who want to buff up their homes, the company reported Tuesday.

Tribune News Service

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Benzinga

Home Depot Gives Chance For Startups - With $150M Venture Capital Fund

Home Depot Inc (NYSE:HD) has launched Home Depot Ventures, a venture capital fund created to identify, fund, and partner with early-stage companies. The $150 million fund desires to invest in companies that advance Home Depot's ability to provide an interconnected shopping experience and develop new and differentiated capabilities. The fund will consider…

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