Home Depot addresses cost changes surrounding tariffs, oil prices
Richard McPhail, chief financial officer at Home Depot, has reaffirmed the retailer’s sales guidance in light of multiple rising costs, including fuel prices, interest rates and tariffs. Home Depot expects comparable sales growth to be in a range from flat to 2% growth. That follows a quarter in which Home Depot comparable sales increased 0.6% […] The post Home Depot addresses cost changes surrounding tariffs, oil prices appeared first on Digital Commerce 360.
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Richard McPhail, chief financial officer at Home Depot, has reaffirmed the retailer’s sales guidance in light of multiple rising costs, including fuel prices, interest rates and tariffs. Home Depot expects comparable sales growth to be in a range from flat to 2% growth. That follows a quarter in which Home Depot comparable sales increased 0. 6% overall.
In the U. S. , specifically, they grew 0. 4%. Total Home Depot sales reached about $47. 77 billion in its fiscal Q1. That was a 4. 8% increase year over year from about $39. 86 billion, about half the growth rate of Home Depot ecommerce in Q1.
“The environment is different than it was three months ago, probably a more volatile external environment to a degree,” McPhail said on Home Depot’s Q1 earnings call with analysts. “But really kind of unclear on how that will all shape out for the year.” The Home Depot is No. 4 in the Top 2000 Database.
The database ranks North America’s largest online retailers by their annual ecommerce sales and more. Additionally, Home Depot is the top-ranked retailer in the Top 2000’s Hardware & Home Improvement category. Charts & Data Home Depot online sales increase twice as fast as total sales in Q1 Abbas Haleem | May 19, 2026
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