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Down 40% in 1 Day, Is It Time to Buy RH Stock on the Dip?
Luxury furniture company RH (NYSE: RH) 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.Let's take a close look at the company's recent results to see whether it's time to scoop up shares.On RH's fiscal fourth quarter earnings call, CEO Gary Friedman said the company has been operating in "the worst housing market in almost 50 years." He also said he expects the company to operate in a higher-risk environment this year due to tariffs, market volatility, and inflation.Continue reading
Luxury furniture company RH (NYSE: RH) 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.
Let's take a close look at the company's recent results to see whether it's time to scoop up shares.
On RH's fiscal fourth quarter earnings call, CEO Gary Friedman said the company has been operating in "the worst housing market in almost 50 years." He also said he expects the company to operate in a higher-risk environment this year due to tariffs, market volatility, and inflation.
