Home Depot struggles as consumer confidence plummets

May 19, 2026, 6:36 PM10

(Update: May 19, 2026, 6:36 PM)

The Home Depot

American home improvement supplies retailing company

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Home Depot struggles as consumer confidence plummets

Home Depot's profits fell in the first quarter amid rising consumer uncertainty and housing affordability pressures.
Economic factors, including tariffs and inflation, are causing consumers to adopt a cautious approach to spending.
The firm's decline in profits signals broader trends in the economy and consumer behavior towards discretionary purchases.

The Home Depot

American home improvement supplies retailing company

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