Home Depot forecast a bigger drop in full-year profit 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 shift in tone from the company comes as executives said that a widely expected pick-up in demand from easing US interest and mortgage rates had failed to materialize, likely amplifying concerns over a slowing economy.

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 consumer spending ahead of the all-important holiday season amid tariff-driven cost pressures.

Home Depot’s shares fell about 4% and those of rival Lowe’s declined 2

See Full Page