Home Depot Dives on Tariff Windfall Fading and Leadership Vacuum
Home Depot's stock dipped to $330.19 on August 28 after CEO Ted Decker took a temporary medical leave, leaving the leadership structure unresolved.
The company's Q2 earnings beat was largely due to a $730 million tariff refund, but this cushion is expected to be largely spent in Q3.
Home Depot acquired SRS Distribution in 2024 to expand its Pro strategy and addressable market to $1.2 trillion, but the acquisition mix dragged gross margin in Q2.