'Oh, sh—': RH CEO reacts live to stock tanking on tariffs, poor earnings
1. RH's stock dropped 28% after poor earnings and tariff announcements. 2. Tariffs of 46% on Vietnam and 32% on Taiwan impact RH's import costs. 3. Friedman noted this as RH's worst quarter since 2020 amid a challenging housing market. 4. Revenue growth expectations were below analyst forecasts for the upcoming quarters. 5. RH plans a 'big and bold' long-term sourcing strategy to mitigate tariff impacts.