- Home Depot anticipates a downturn in consumer spending amid economic uncertainty, despite modest Q2 earnings and a slight sales increase.
- While Home Depot avoids broad price hikes, some products may be discontinued if tariffs make them unprofitable. The company is diversifying its supply chain to reduce reliance on any single foreign country.
- CEO Ted Decker notes that Home Depot’s customers remain financially stable, with spending focused on smaller home projects rather than large renovations.
- Unlike Walmart and Stanley Black and Decker, which are raising prices due to tariffs, Home Depot is working to minimize cost increases for consumers.
- President Donald Trump has criticized companies like Walmart for blaming tariffs for price hikes, urging them to absorb costs rather than pass them on to customers.
(Natural News)—Home Depot, the nation’s largest home improvement retailer, is preparing for financial challenges in the coming months as the U.S. economy shows signs of strain. Despite reporting modest second-quarter earnings, executives warned of a looming downturn in consumer spending, just as the critical holiday shopping season approaches.
During an earnings call on Tuesday, May 20, Home Depot executives reassured investors that they do not foresee “broad-based price increases” for customers, despite new tariffs on imported goods. However, some items may be phased out if tariffs render them economically unviable.
“We don’t see broad-based price increases for our customers at all going forward,” Home Depot executive Billy Bastek said during the earnings call with analysts. “There are items that we have that could potentially be impacted by a tariff that, candidly, we won’t have going forward. There’ll be some things that don’t make sense that just end up going away.”
Since tariffs on Chinese goods were first imposed, Home Depot has worked to diversify its supply chain, aiming to source no more than 10 percent of its products from any single foreign country by mid-2026. The company has also avoided major cost increases from lumber tariffs due to a separate trade deal with Canada. (Related: Trump’s 125% tariff triggers panic among Chinese Amazon sellers.)
CEO Ted Decker emphasized that Home Depot’s core customers remain financially stable, even as economic uncertainty looms. “We have a very different customer and a very different sort of use case for expenditure in home improvement,” Decker told investors. “Our customer is in a good spot right now.”
Home Depot reported a slight 0.2 percent increase in U.S. sales and a 2.1 percent rise in transactions last quarter, driven by small-scale home projects. However, high mortgage rates and a sluggish housing market continue to deter major renovations.
Despite these challenges, Decker struck an optimistic tone, suggesting the U.S. economy has moved past the worst recession fears, citing strong employment and easing inflation.
Walmart warns tariffs could further burden inflation-weary consumers
Meanwhile, Walmart warned that tariffs could further burden inflation-weary consumers. “We will do our best to keep our prices as low as possible. But given the magnitude of the tariffs, even at the reduced levels announced this week, we aren’t able to absorb all the pressure given the reality of narrow retail margins,” Walmart CEO Doug McMillon said last week on an earnings call. “The higher tariffs will result in higher prices.”
The pressure isn’t limited to Walmart. Stanley Black & Decker, which owns brands like DeWalt and Craftsman, has already raised prices by high single digits this year due to tariffs and plans another increase later in 2024.
However, President Donald Trump has dismissed corporate complaints and accused Walmart of shifting blame. He said, “Walmart should STOP trying to blame tariffs as the reason for raising prices throughout the chain. Between Walmart and China they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!”
Trump has also criticized Amazon and Mattel for considering similar price adjustments, framing corporate resistance as disloyalty to American consumers.
Head over to Trump.news for related news. Trump should put the tariffs on immediately, expert says. Watch this video.
This video is from the NewsClips channel on Brighteon.com.
More related stories:
- Trump’s tariff retreat sparks fears of accelerating BRICS dominance.
- California challenges Trump’s tariff plan in historic legal battle.
- Market rebounds on Trump’s tariff pause, but uncertainty looms.
- Trump imposes 25% tariff on nations buying Venezuelan oil.
- U.S. job market surges past projections despite looming tariff uncertainty.
Sources include:
Three Reasons a Coffee Gift Set From This Christian Company Is Perfect for Christmas
When you’re searching for a Christmas gift that’s meaningful, useful, and rooted in faith, you don’t want to settle for anything generic. This season is filled with noise — mass-produced products, last-minute picks, and trends that fade as quickly as they appear. But one gift stands apart because it blends genuine quality with a message that matters: a coffee gift set from Promised Grounds Coffee.
This small Christian-owned company has become a favorite among believers who want to support faith-driven businesses while giving friends and family something they’ll actually enjoy. Here are three reasons a Promised Grounds Coffee gift set may be the most thoughtful and impactful present you give this year.
1. It’s Truly Delicious Coffee
Too many “gift-worthy” coffees look beautiful in the package but disappoint when the cup is poured. Promised Grounds takes the opposite approach — exceptional taste first, thoughtful presentation second.
Their beans are sourced with care, roasted in small batches, and crafted to bring out a rich, smooth flavor profile that appeals to both casual drinkers and true coffee lovers. Whether someone enjoys bold, dark roasts or lighter, more delicate blends, every sip reflects quality that stands shoulder-to-shoulder with the biggest specialty brands.
Simply put: this coffee is good. Really good. Some say it’s absolutely fantastic. If you want a gift that won’t be re-gifted, ignored, or shoved in a cabinet, this is it.
2. It Spreads the Word While Serving a Real Purpose
There are many Christian gifts that are meaningful… but not exactly practical. There are also useful gifts that have nothing to do with faith. Promised Grounds Coffee bridges both worlds beautifully.
Each gift set delivers an encouraging, faith-centered message through its packaging and presentation — a simple but powerful reminder of God’s goodness during the Christmas season. The cups are especially popular and serve as a daily reminder of the blessings from our Lord. At the same time, the product itself is something people will actually use and appreciate every single day.
It’s a gift that uplifts the spirit and fills the mug. A gift that points loved ones toward Scripture while still being part of the normal rhythm of life. And in a culture that increasingly pushes faith to the margins, giving a gift that quietly but confidently honors Christ can make a deeper impact than you might expect.
3. It’s Affordable, Valuable, and Elegantly Presented
Many people want to give something meaningful without breaking their Christmas budget. Promised Grounds Coffee strikes that perfect balance — the sets look and feel premium, but the price remains accessible.
The packaging is classy, clean, and gift-ready, making it ideal for:
- Family members of all ages
- Co-workers or employees
- Church friends or small-group leaders
- Hosts, neighbors, and last-minute gift needs
It’s the kind of gift that feels more expensive than it is — and more thoughtful than most of what you’ll find on store shelves.
The Perfect Blend of Faith, Flavor, and Christmas Cheer
A coffee gift set from Promised Grounds Coffee checks every box: a gift that tastes amazing, conveys your faith, supports a Christian business, and brings daily enjoyment to the person who receives it. In a season when so many gifts are forgotten, this one stands out for all the right reasons.
If you want a Christmas present that reflects your values and delivers genuine joy, Promised Grounds Coffee is the perfect place to start.