Home Depot says very confident in price position

Says Q1 results met expectations despite unfavorable weather in February. Says more than 50% of purchases are sourced in the U.S. Says in 12 months no single country outside the U.S. will represent more than 10% of purchases. Says confident will be able to navigate environment. Says worst macroenvironment concerns have passed. Says recession expectations are way down. Says feels great about position. Comments taken from Q1 earnings conference call.