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RH CEO Shocked as Stock Plummets 40% Amid Tariffs

4/3/2025

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Summary

Story summary

RH's CEO Gary Friedman expressed disbelief as the company's stock nosedived 40% during an earnings call, triggered by President Trump's tariff announcements. With 72% of its products sourced from Asia, RH's supply chain is at risk, compounded by the dire state of the U.S. housing market, which is experiencing its worst downturn in nearly half a century.

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Story summary

RH's CEO Gary Friedman expressed disbelief as the company's stock nosedived 40% during an earnings call, triggered by President Trump's tariff announcements. With 72% of its products sourced from Asia, RH's supply chain is at risk, compounded by the dire state of the U.S. housing market, which is experiencing its worst downturn in nearly half a century.