Home Depot said that tariffs against China will impact about 2% of U.S sales, or $2 billion, after accounting for all the goods that will be hit. However, costs are mitigated because its suppliers are moving to countries outside of China, such as Taiwan and Vietnam.
The tariffs on Chinese goods are projected to have a "cost impact" on Home Depot's U.S. sales of about 2%, or $2 billion.
"I'm not aware of a single supplier who was not moving some form of manufacturing outside of China," said Ted Decker, executive vice president of merchandising. "So we have suppliers moving production to Taiwan, to Vietnam, to Thailand, Indonesia and even back into the United States." Decker also said the company can calculate precisely how tariffs will impact every product in its inventory.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Home Depot is building up a big rally, says top technicianWild market swings claimed plenty of victims last week, but Cornerstone Macro's Carter Worth says Home Depot is poised for a big breakout.
Leer más »
Home Depot warns lumber prices, possible tariffs, to weigh on salesHome Depot warned that lumber price deflation, as well as the impact of possible tariffs, will impact its fiscal year sales. The home improvement giant said...
Leer más »
Home Depot Cuts Sales Forecast, Posts Slightly Lower ProfitHome Depot lowered its sales forecast, warning that rising material costs and the potential effects of tariffs on U.S. consumers could weigh on growth.
Leer más »
Stocks making the biggest moves premarket: Home Depot, Kohl's, Medtronic, US Steel & moreThese are the stocks posting the largest moves before the bell.
Leer más »
Wall St. opens slightly lower; Home Depot caps lossesU.S. stocks opened slightly lower on Tuesday, after three straight session of ga...
Leer más »
Home Depot beats quarterly profit estimates, warns of tariff impactHome Depot Inc beat quarterly profit estimates on Tuesday as it sold more big-ti...
Leer más »