Home Depot HD-N cut its full-year profit forecast after missing Wall Street estimates for quarterly earnings on Tuesday, as tariff-driven economic uncertainty dampened demand for big-ticket renovations and do-it-yourself projects.

The world’s top home-improvement chain set the ball rolling for a week packed with earnings reports from big-box retailers, including Walmart and Target, as investors track U.S. consumer spending ahead of the all-important holiday season amid tariff-driven cost pressures.

“We believe that consumer uncertainty and continued pressure in housing are disproportionately impacting home improvement demand,” said CEO Ted Decker.

Home Depot and rival Lowe’s LOW-N face subdued demand as worries about a slowing labor market and economic uncertainty blunt an expected

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