Tariffs costs and refunds take the spotlight as Home Depot, TJX and other retailers report earnings this week

MarketWatch

by Bill Peters

February 22, 2026

AI-Generated Deep Dive Summary

The Supreme Court’s recent ruling striking down most of the Trump administration’s emergency-use tariffs has created significant uncertainty for retail chains as they prepare to report quarterly earnings this week. Companies like Home Depot, Lowe’s, TJX, Urban Outfitters, and Steve Madden will likely address the impact of the tariffs and potential refunds on their financial results during their earnings calls with analysts. Home Depot is set to kick off the earnings season on Tuesday, followed by Lowe’s on Wednesday. Both companies have been directly affected by tariffs, which increased costs for imported goods. Discounter TJX, which operates TJ Maxx and Marshalls, will also report its results this week, with investors eager to hear how the ruling impacts their supply chain and pricing strategies. The Supreme Court’s decision has provided some clarity but left lingering uncertainty for retailers. While most tariffs were invalidated, certain exceptions remain, leaving businesses in a state of flux. Retailers are now grappling with not only the financial implications of potential refunds but also the ongoing complexities of navigating international trade policies. For investors, this earnings season will be critical in understanding how these companies are adapting to the shifting regulatory landscape. The ruling’s financial impact on retailers could have broader implications for the market, as tariffs have historically influenced costs, pricing strategies, and profit margins. This makes the upcoming earnings reports a key indicator of both company resilience and the potential ripple effects across the retail sector. In conclusion, while the Supreme Court’s decision provides much-needed clarity on most tariffs, the remaining exceptions leave retailers like Home Depot, Lowe’s, TJX, Urban Outfitters, and Steve Madden with ongoing challenges. As they report their quarterly results, investors will closely monitor how

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Originally published on MarketWatch on 2/22/2026