Home Depot Inc beat quarterly profit estimates on Tuesday as it sold more big-ti...
) beat quarterly profit estimates on Tuesday as it sold more big-ticket items to high-spending builders and handymen, while flagging the potential impact U.S. President Donald Trump’s ongoing trade tussle with China on consumers.
The United States’ proposed tariffs on an additional $300 billion worth of goods, which would effectively tax almost everything imported from China, have sent jitters through Wall Street as companies warn that prices for U.S. shoppers would likely rise, potentially slowing economic growth. The home improvement chain, which is looking to broaden its business beyond its core “do-it-yourself” customers, said its average bill amount rose 1.7% to $67.3 in the reported quarter.
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