More than half of what the home improvement retailer sells comes from the U.S., CFO Richard McPhail told CNBC.

Home Depot's executive vice president of merchandising told analysts that the company intends "to maintain pricing across our portfolio."

But on its earnings call Tuesday morning, Home Depot told investors it doesn’t plan broad price increases. At a time when consumers are bracing for higher prices, companies can give themselves an edge by promising to buck that trend. Terry Esper, a professor of logistics at the Ohio State University, said Home Depot is in a good position.