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)
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