RH CEO reacts to Trump's tariffs, disappointing earnings, stock down 7%, negative.

From Yahoo Finance: 2025-04-04 12:07:00

Luxury furniture maker RH’s CEO reacts to President Donald Trump’s tariff actions and disappointing earnings. RH reported $1.58 per share profit on $812.4 million revenue, missing analyst predictions. Trump increased tariff rates on nations with trade surpluses and imposed a 10% baseline tax, causing global tension. RH’s CEO watched the stock tumble during Trump’s announcement. The company expects challenges due to tariffs, market volatility, and inflation risks. RH plans to work with manufacturing partners to lessen impact on margins and customer costs, forecasting up to 13% revenue growth this fiscal year. Stock markets drop after China matches Trump’s tariff raise. RH stock down 7%, declining 62% year to date.



Read more at Yahoo Finance: ‘Oh sh–.’ RH CEO sees stock slide as reciprocal tariffs unveiled during Q4 earnings conference call