He's absolutely rightad keep in mind, where restoration hardware is maybe in the entire a framework of consumer confidence. So for him to come out and say that these high ticket, low velocity items immediately dropped off at the point of the invasion, the russias invasion of ukrane, and he is veryimpar it's important to point out he's not saying that the two things have a link. But what he is saying is that consumer confidence fell off a cliff very suddenly at that moment in time.
Having led Restoration Hardware since 2014, Gary Friedman is an experienced CEO. But on his company's latest earnings call Friedman says he's never been more uncertain about the future. (00:20) Bill Mann discusses: - The record year RH just closed - Friedman invoking the 2008 collapse of Bear Stearns - Why RH is doing a 3-for-1 stock split Bill also answers a listener's question about small-cap stock 22nd Century Group. Post a review on Apple and include a question about a stock or industry! (14:00) Tim Beyers and Andy Cross talk with Jay Chaudhry, CEO of Zscaler, about what other cybersecurity companies are missing and the biggest misconception that Wall Street has about his company. Stocks: RH, WSM, XXII, ZS, CRM, TSLA Host: Chris Hill Guests: Bill Mann, Tim Beyers, Andy Cross, Jay Chaudhry Producer: Ricky Mulvey Engineer: Rick Engdahl, Tim Sparks
Learn more about your ad choices. Visit megaphone.fm/adchoices