RH releases clarification on demand, tariff exposure following CEO’s impromptu alarm

Quick Summary:

As shares plummeted after the president’s trade announcement Wednesday, CEO Gary Friedman let loose an expletive during an earnings call.

Sales and profits were up in RH's most recent quarter, but investors are skittish the economic effects of the Trump administration's wide-ranging tariff policy.

But that didn’t resolve lingering questions about its tariff exposure, they warned.“As it relates to the tariffs, there is still a lot of uncertainty as to where tariffs by country ultimately land, and therefore we don't expect investors to feel safe yet with a high Vietnam exposure,” Fernández said.

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Article Details

Author / Journalist: Daphne Howland

Category: Business

Markets: United StatesChinaVietnam

Topics: Tariff Call Company Policy Tariffs Trade Earnings Friedman Friday Demand Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-07 @ 12:42:00 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 813 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 27672433

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Official Website: retaildive.com

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