1838 ET - RH has been further diversifying its manufacturing network since the company realized China was going to be a long term problem, CEO Gary Friedman says on a call with analysts. "Now it looks like moving out of China didn't make a difference," the executive says. The game has changed and it doesn't matter where you go, except for America and the U.S., where the company has been expanding its capabilities, he says. "It's going to be messy, but it's going to be messy for everyone," Friedman says, while acknowledging that he doesn't like to be caught off guard. Overall, RH can navigate the current environment "pretty well" over the short term, the executive adds. RH shares fall 25% to $186 in post-market trading. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
April 02, 2025 18:38 ET (22:38 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。