Reported 2 days ago
During a quarterly earnings call, RH CEO Gary Friedman reacted live to a 25% stock plunge caused by President Trump's tariff plans, expressing shock and concern. He noted the company's heavy reliance on Asian products, including significant imports from Vietnam and China. Despite the immediate setback, Friedman expressed optimism that negotiations might eventually lead to a reduction in tariffs, suggesting they could ultimately benefit the company's long-term prospects.
Source: YAHOO