Home Depot affirmed its full-year growth outlook for adjusted earnings per share to decline approximately 2%, for total sales to increase by about 2.8% and for comparable-sales growth of about 1%. Home Depot expects to open approximately 13 new stores during the year, in line with its prior guidance.

Three months after stating the company had no plans to increase prices due to tariffs, Home Depot has backtracked. On Monday, the national home improvement retail chain confirmed to the Wall Street Journal that it plans some “modest price movement” as the tariffs increase.

America’s largest home improvement retailer has limited what it has said about the impact of tariffs on its prices before now. But after reporting quarterly results Tuesday, CFO Richard McPhail said Home Depot would have to implement some price increases as a result of the Trump administration’s taxes on imports.

But the prices of hair extensions and hair glues used to create wigs and weaves have gone up exponentially after President Donald Trump imposed a series of different tariffs on China and Vietnam, where the majority of Black beauty products are made.

Costs have increased for hair extensions, hair glue, and other essentials Black-owned beauty businesses need to operate.