Home Depot Inc. said that the raft of tariffs implemented by President Donald Trump will lead to some price increases on certain products, but that they won’t be wide-ranging. The company reported fiscal second-quarter results that missed expectations,

Visits to the home improvement chain were down 2.2 per cent in the second quarter, after a 3.9 per cent drop in the first quarter, according to foot traffic data from firm Placer.ai.

As homeowners opt to stay put longer, spending has shifted toward smaller repair projects and maintenance, dampening sales of big-ticket renovation products.

Home Depot customers are putting their kitchen remodels and bathroom upgrades on hold as they turn instead to smaller projects that can be funded in cash, like painting and yard improvements, said Home Depot execs.