Home Depot affirmed its full-year growth outlook for adjusted earnings per share to decline approximately 2%, for total sales to increase by about 2.8% and for comparable-sales growth of about 1%. Home Depot expects to open approximately 13 new stores during the year, in line with its prior guidance.

Home Depot has become the latest U.S. company to warn customers it may have to raise its prices on the shelves in response to President Donald Trump ’s divisive tariff strategy.

The home improvement retailer said it would be implementing "modest" price increases for imported goods due to "higher" tariffs.