Home Depot executives announced that the company does not plan to raise prices despite looming tariffs, due to more than 50% of their products being sourced from the U.S. CEO Ted Decker emphasized their efforts to diversify their supply chain. CFO Richard McPhail supported this by citing strong supplier partnerships and operational efficiency as reasons to maintain current pricing. This contrasts with Walmart's approach, which has stated it will increase prices to offset higher costs, indicating differences in business strategies regarding tariffs across major retailers.
"More than 50% of our purchases are sourced in the United States," CEO Ted Decker said during the company's quarterly earnings call on Tuesday, per Axios.
"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 said.
Walmart CEO Doug McMillon said on an earnings call that Walmart couldn't "absorb" the higher costs, "given the reality of narrow retail margins" that it has due to the company's "everyday low pricing."
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