US Edition‘Oh sh--.’ RH CEO sees stock slide as reciprocal tariffs unveiled during Q4 earnings conference call
- Gary Friedman, CEO of RH , was conducting his company's earnings call on Wednesday when tariff plans emerged.
- The announcement of President Trump's tariff plans during the call surprised Friedman, as RH sources much of its product from Asia.
- RH sources 72% of its products from Asia, with 35% coming from Vietnam and the rest from Indonesia and India, making it vulnerable to tariffs.
- Upon seeing the news, Friedman reacted, stating, "It got hit when I think the tariff came out," as the stock price dropped significantly.
- RH's stock initially fell 25% and continued to slide, ultimately closing down 40%, reflecting investor concern about the impact of new tariffs.
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·New York, United States
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Associated Press News+2 Reposted by 2 other sources
‘Oh sh--.’ RH CEO sees stock slide as reciprocal tariffs unveiled during Q4 earnings conference call
A real-time reaction to the impact of President Donald Trump’s tariff actions and lackluster earnings has the CEO of luxury furniture maker RH in the spotlight.
·United States
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Leaning Left6Leaning Right2Center5Last UpdatedBias Distribution46% Left
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C 38%
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