Home Depot's Q2 earnings and revenue slightly missed expectations, prompting concerns about consumer spending. While the company maintains its fiscal guidance, CFO Richard McPhail hinted at potential modest price increases due to tariffs on some imported goods, contradicting earlier statements. This week's earnings reports from Lowe's, Target, and Walmart will offer further insight into the impact of tariffs and consumer behavior. Home Depot noted a decrease in store foot traffic but an increase in online sales.

Prepared by Christopher Adams and reviewed by editorial team.