Shares of RH (RH), which operates the Restoration Hardware chain, plummeted to record lows as tariffs and disappointing earnings hit the luxury furniture retailer hard.
Catalysts host Madison Mills discusses the impact of tariffs and RH's lower-than-expected revenue growth.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
One trending ticker we're watching today RH, restoration hardware shares plunging by the most on record amid dual hits to the stock, tariffs and disappointing earnings. A tough day to have your earnings print on liberation day. The luxury furniture retailer expecting a quote, higher risk business environment this year due to the uncertainty caused by tariffs. Meantime, the luxury home furnishing company's annual revenue growth forecast trailing Wall Street expectations for quarter sales and profit, missing the average estimate. Analyst at city downgrading the stock to neutral amid the results and looming tariffs. Barclays analysts adding there's quote, significantly more uncertainty with the new round of tariffs, adding risks to both sales and margin recovery. RH, which operates the restoration hardware chain sources about 70% of its products from Asia, according to company filings. Vietnam and China account for more than half of that total. On Wednesday, Trump announced tariffs including 46% on Vietnam, raising China's total levies to at least 54% on many goods. The retailer conducted its earnings call shortly after Trump's tariff event. Again, a tough time to have an earnings call. That stock continuing to move to the downside.
