Home Depot on Tuesday reported sales growth in its fiscal first quarter as consumers continued to show resiliency in the face of the trade war, but growth for existing stores in the U.S. was soft, a sign consumers continue to be guarded in making big purchases.

As other retailers have pared back or put on pause their earnings expectations, the Georgia-based retail giant kept its guidance in place, saying Tuesday it still expects sales across its footprint to grow 2.8% for the fiscal year. Executives also said they did not expect widespread price increases on products as the company has worked to diversify where it buys inventory and find cost savings elsewhere.

The people who tend to shop at Home Depot — largely homeowners and the contractors who serve them — have faced the uncertainties

See Full Page