Dwelling Depot will report quarterly earnings earlier than the bell on Tuesday, because the retailer leans on roofers, landscapers and different dwelling professionals to assist drive gross sales progress and climate tariff-related uncertainty.

Here is what Wall Road expects for Dwelling Depot’s fiscal second quarter, in accordance with a survey of analysts by LSEG:

• Earnings per share: $4.71 anticipated 
• Income: $45.36 billion anticipated

For about two years, Dwelling Depot leaders have pointed to difficult dynamics which have slowed householders’ appetites for large tasks. Greater rates of interest have saved many customers from shopping for a brand new dwelling or discouraged them from springing for a kitchen renovation, addition or related giant undertaking that requires a mortgage, CEO Ted Decker stated on a Could earnings name.

“People are painting again and working in their yards and doing smaller projects, but just have not engaged in the larger projects,” he instructed traders on the time.

As the true property market stays sluggish and borrowing prices stay excessive, Dwelling Depot has appeared past the householders who come to its shops to purchase kitchen home equipment, cans of paint or different provides for do-it-yourself tasks. Dwelling Depot acquired SRS Distribution, an organization that sells provides to roofing, landscaping and pool skilled, for $18.25 billion final yr. It introduced in June that it was shopping for GMS, a specialty constructing merchandise distributor, for about $4.3 billion.

Together with slower housing turnover, tariffs have added uncertainty to the outlook for retailers. Dwelling Depot stated in Could that it didn’t plan to hike costs throughout its retailer. It plans to “generally maintain our current pricing levels across our portfolio,” Chief Monetary Officer Richard McPhail instructed CNBC in an interview on the time.

That bucked the development of different retailers, together with Walmart, whiched warned that tariff-related prices can be an excessive amount of to soak up and would result in larger costs for patrons.

For the complete yr, Dwelling Depot stated it expects complete gross sales to develop by 2.8% and comparable gross sales, which take out the influence of one-time components like retailer openings and calendar variations, to rise about 1%. Its forecast in Could was primarily based on the continuation of a U.S. settlement to briefly decrease tariff charges to 30% for imports from China and to 10% for a lot of different international locations.

Since then, a few of the U.S.’s tariff insurance policies have modified. Greater tariffs started in early August on dozens of U.S. buying and selling companions. Different main agreements stay in flux. President Donald Trump delayed larger U.S. tariffs on Chinese language items for an additional 90 days as negotiations proceed.

McPhail instructed CNBC in Could that Dwelling Depot and its suppliers have labored to diversify their imports, in order that they draw from a greater variety of nations and reduce the share coming from China. By Could 2026, he stated, no nation exterior of the U.S. would characterize greater than 10% of Dwelling Depot’s purchases.

This story is growing. Please test again for updates.