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

Gary Friedman, CEO of RH , was conducting his company's earnings call on Wednesday when tariff plans emerged.
The announcement of President Trump's tariff plans during the call surprised Friedman, as RH sources much of its product from Asia.
RH sources 72% of its products from Asia, with 35% coming from Vietnam and the rest from Indonesia and India, making it vulnerable to tariffs.
Upon seeing the news, Friedman reacted, stating, "It got hit when I think the tariff came out," as the stock price dropped significantly.
RH's stock initially fell 25% and continued to slide, ultimately closing down 40%, reflecting investor concern about the impact of new tariffs.

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Newsday

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

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.

7 hours ago·United States

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Associated Press News

+2 Reposted by 2 other sources

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

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.

7 hours ago·United States

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SFist

Lean Left

Bay Area Tech Stocks Get Destroyed By Trump Tariffs, SF CEO Screams Obscenity on Live Earnings Call

Remember when all those Bay Area tech CEOs cuddled up to Trump with $1 million inauguration donations? Boy did that just blow up in their faces! They lost billions today, and one yelled “Oh shit!” when he checked his stock on a live earnings call. Future historians will chuckle (well, if we survive long enough that there are any future historians) over a detail about today, April 3, 2025, which was the US stock market's worst day since, well, th…

24 hours ago

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Fox Business

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CEO reacts to tariff-induced stock plunge live during earnings call: 'Oh, s---'

RH CEO Gary Friedman reacted in real time to the company's stock plunging on Wednesday after President Donald Trump's tariff announcement and poor quarterly earnings.

1 day ago·United States

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CNN

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RH CEO: “Oh sh*t’ as stock plummets more than 40% on earnings call

During an earnings call, the CEO of RH, formally known as Restoration Hardware, reacted in real time as the company’s stock dropped more than 40%. RH has supply chains across the world and expects costs to rise under President Donald Trump’s newly announced tariffs.

1 day ago·Atlanta, United States

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Boing Boing

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Restoration Hardware CEO swears during interview when he sees collapsing stock price

Gary Friedman, the CEO of fancy furniture retailer Restoration Hardware, was recorded saying "Oh shit" after someone showed him the company's collapsing stock price. It's not clear what the exact number was he was but at time time I checked it was 44% down. — Read the rest The post Restoration Hardware CEO swears during interview when he sees collapsing stock price appeared first on Boing Boing.

1 day ago·United States

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