April 7, 2025
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The CEO of luxury home furnishings retailer RH unleashed a four-letter expletive during an earnings call as he watched share in the company plunge about 40% during the Wall Street selloff.
Gary Friedman appeared to be caught off guard by the sudden market reaction after glancing at the stock’s performance as he spoke with analysts Wednesday.
“Oh sh–. OK. … I just looked at the screen. I hadn’t looked at it. It got hit when I think the tariffs came out,” Friedman said.
“And everybody can see in our 10-K where we’re sourcing from, so it’s not a secret, and we’re not trying to disguise it by putting everything in an Asia bucket.”
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#tariffs #garyfriedman #donaldtrump
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