Restoration Hardware 即将发布财报。老实说，对 Restoration Hardware 来说，最大的考验将是，他们基本上收购了大约一年的库存，以抢在关税之前，因为当时的想法是关税到那时应该已经取消了，[笑声] 但并没有。
它们比以往任何时候都更糟。所以，你看，我们现在面对 Restoration Hardware，他们将不得不开始按含关税的价格收购库存。我敢打赌，他们最终会看到利润率受到真正的重大打击，这和我们 Apple 那边看到的情况有点相反。
Restoration Hardware going into the earnings. The big test honestly for for Restoration Hardware is going to be they basically acquired about a year worth of inventory to get ahead of the tariffs because the thought is the tariffs would be gone by now [laughter] and they're not. They're like worse than ever before. So, you know, here we are with Restoration Hardware and they're going to have to start acquiring inventory at tariff values. I would bet they're going to end up seeing uh a real big hit to margins, which is kind of the opposite of what we're seeing at our Apple.