Home Depot Inc cut its full-year sales forecast on Tuesday, blaming a slump in lumber prices and the potential impact of the ongoing U.S.-China trade war on consumer spending. The United States has already imposed tariffs on hundreds of billions of dollars worth of Chinese imports, a move that Home Depot previously said would raise annual cost of goods sold by about $1 billion. Home Depot also cut its full-year same-store sales growth forecast to 4% from 5%.

source https://finance.yahoo.com/news/1-home-depot-cuts-2019-103328091.html?.tsrc=rss