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Furniture 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.

01:03 - Source: CNN
Tariffs and trade 17 videos
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Furniture CEO: 'Oh sh*t' as stock plummets more than 40% on earnings call
01:03
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Hear Rubio’s response to 'crashing' markets after tariff news
01:26
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Marc Stewart explains who will be impacted most by China's retaliatory tariffs
01:28
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He's the face of Wall Street. Hear what iconic trader says about Trump admin's calculations
02:01
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‘Utter and total nonsense’: Larry Summers reacts to Trump’s new tariffs
03:32
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WASHINGTON, DC - APRIL 02: U.S. President Donald Trump speaks during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. Touting the event as “Liberation Day”, Trump announced additional tariffs targeting goods imported to the U.S. (Photo by Chip Somodevilla/Getty Images)
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Your questions about tariffs, answered
02:21
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Richard Quest on why Trump's tariffs are going to be 'one big mess' for foreseeable future
02:38
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‘I feel like a sucker’: Jim Cramer says he was wrong to have believed Trump on tariffs
03:06
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The math Trump's admin. used to calculate tariff rates stuns economists
02:25
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Brown challenges Lutnick: Will Trump back down on tariffs?
02:24
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ZEBULON, GEORGIA - OCTOBER 23: Republican presidential nominee, former U.S. President Donald Trump looks on during a roundtable with faith leaders at Christ Chapel on October 23, 2024 in Zebulon, Georgia. Trump is campaigning across Georgia today as he and Democratic presidential nominee, U.S. Vice President Kamala Harris attempt to win over swing state voters. (Photo by Anna Moneymaker/Getty Images)
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Here's how Trump's tariffs are being received by major US trade partners
02:17
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Hear Trump break down tariffs on various countries
02:59
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Treasury Secretary urges other countries to 'take a deep breath' and not retaliate
01:00
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Canadian FM: 'Of course' Canada is in a trade war with US
01:49
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As Canada prepares for Trump’s tariffs, Prime Minister Mark Carney appealed to his liberal party's "unwavering belief" that the economy must "serve everyone," and refuted the idea that the US will own Canada: "That will never happen."
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Canadian Prime Minister explains what ‘makes’ him a liberal as Trump’s tariffs loom
01:03
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<p>Sen. Jim Banks joins The Lead </p>
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Sen. Banks: Reciprocal tariffs are "so good" for Indiana
07:59
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Rep. Debbie Dingell: Trump tariffs are "complicated" issue in Michigan
06:13
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