Home Depot's $730 Million Tariff Refund Largely Offset by Rising Costs

Summary

Home Depot received a $730 million tariff refund, which largely offset rising costs, resulting in a net 25 basis point gross margin improvement. Amazon disclosed $600 million in Q2 tariff refunds and plans to pass some to customers, while Walmart is pursuing $2.4 billion in refunds to invest in lower prices.