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Business Insider
138 days

Restoration Hardware's CEO cursed on an earnings call after he realized the stock was tanking

1. RH stock fell 26% due to new tariffs announced by the President. 2. CEO Gary Friedman reacted negatively during the earnings call about stock plunge. 3. 72% of RH products are sourced from Asia, impacting supply chain costs. 4. Company reported a 5% revenue increase but down over 37% this year. 5. Tariffs may increase consumer prices, complicating business operations.

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FAQ

Why Bearish?

The significant stock drop indicates investor concern over tariff impacts, similar to historical tariffs affecting major retailers in the past.

How important is it?

Tariff changes directly affect RH's profitability and market positioning, necessitating immediate investor attention.

Why Short Term?

Immediate market reactions to tariffs suggest quick volatility in stock price.

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