Home Depot beat Wall Street’s expectations for first-quarter revenue and domestic comparable sales and maintained its full-year guidance.

The home improvement retailer, which has experienced sluggish sales, also said the price strategy could help it compete better with rivals.

Investors shouldn't get scared off because of short-term pressure. Home Depot's management is always finding ways to generate growth opportunities and become more efficient, and its approach to tariffs should boost investor confidence. The company purchased SRS last year to expand its market opportunity, which it sees as $1 trillion.