'Oh sh--.' RH CEO sees stock slide as reciprocal tariffs unveiled during Q4 earnings conference call

[Yo_Mama_Been_Loggin]

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.

On Wednesday RH, previously known as Restoration Hardware, reported a fiscal fourth-quarter adjusted profit of $1.58 per share on revenue of $812.4 million. Analysts polled by Zacks Investment Research predicted a higher profit of $1.91 per share on revenue of $827.3 million.

That same day, Trump said that he was placing elevated tariff rates on dozens of nations that run meaningful trade surpluses with the United States, while imposing a 10% baseline tax on imports from all countries in response to what he called an economic emergency.

The action amounts to a historic tax hike that could push the global order to a breaking point. It kick-starts what could be a painful transition for many Americans as middle-class essentials such as housing, autos and clothing are expected to become more costly.

https://apnews.com/article/rh-tariff-trump-friedman-33cc7134c2733965ada2fab9ca4d9bf0

Even hitting high end merchants.

[hlthe2b]

1. WHen Restoration Hardware first became popular in malls in the US, they had a beautiful line of solid oak

furniture and I bought several pieces (not cheap, but I'm almost certain they were manufactured in the US). Since then, I doubt much of anything is as they have gone with a more contemporary and imported--so I guess they are finding the downside...