Some quarterly calls by public companies are basically worthless, featuring analysts lobbing softball questions to CEOs who cherry-pick facts to pump their own stock.
And then there was Tuesday afternoon’s call hosted by Gary Friedman, CEO of luxury home furnishings brand RH (NYSE: RH), formerly known as Restoration Hardware.
Friedman — with what one analyst called “brutal honesty” — expounded upon supply chain woes, surging ocean freight rates, soaring inflation and a sudden plunge in consumer...