RH’s stock suffered a significant decline following the company’s announcement of new tariffs and a challenging economic outlook. The company cited the “worst housing market in 50 years” as a contributing factor to its disappointing performance. Despite the downturn, RH’s CEO offered praise for the Trump administration’s broader economic policies.
In its fourth-quarter and fiscal 2024 results, RH reported a substantial miss in earnings per share (EPS), leading to a 24% plunge in shares. The company warned of ongoing economic challenges and set its FY25 sales guidance below street expectations. Analysts noted that the combination of tariffs and a sluggish housing market has created a difficult environment for RH.
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