The in-house business growth initiatives are aiding the RH stock's trend amid the risky tariff scenario. Click away to explore.
Shares of RH (RH 14.09%) were surging today even as the broad market was tumbling for a third straight session in response to President Trump's "Liberation Day" announcement of tariffs.
Restoration Hardware faces an identity crisis due to Trump's tariffs, impacting its supply chain and challenging its high-end brand narrative. RH's pre-tariff inventory provides temporary relief, but long-term survival hinges on shifting production and maintaining pricing power amidst external shocks. Historical comparisons to brands like Burberry and Harley-Davidson show premium brands under strain take years to recover, highlighting RH's precarious position.
Luxury furniture company RH (RH -2.72%) picked a bad day to report earnings, with its shares plunging 40% the following session as it coincided with President Donald Trump's "Liberation Day" tariff announcements. The stock continued to tumble the next day after China announced retaliatory tariffs and is now down more than 60% year to date, and it's only April.
RH Chairman and CEO Gary Friedman joins 'Mad Money' host Jim Cramer to talk the impact of tariffs, quarterly results, and more.
As President Trump announces the latest round of trade tariffs on the so-called “Liberation Day” of the U.S. economy, some traders may be surprised to see longtime favorites fall from grace. Yet this reaction aligns with a market gripped by extreme uncertainty.
The stock market is taking a hit today. Most sectors are in the red.
RH (NYSE:RH), formerly Restoration Hardware, shares plummeted more than 40% as the luxury homewares brand's quarterly earnings disappointed, exacerbated by concerns about how Donald Trump's new “reciprocal” tariffs will impact the brand. For the fourth quarter, RH's earnings per share of $1.58 were short of the $1.91 expected.
RH's fourth-quarter fiscal 2024 results indicate strong demand despite a challenging housing market.
RH (RH) shares plunged in extended trading Wednesday after the company issued a weaker-than-expected outlook and said it's facing “the worst housing market in almost 50 years.”
RH CEO Gary Friedman used an expletive to react as he saw the company's stock drop. Shares appeared hurt by poor earnings and President Donald Trump's tariff announcement.
RH says it has been ‘operating in the worst housing market in almost 50 years.'