RH Continues to Mitigate Tariff Pressure; Says Revenues Will Take Short-Term Hit in Q2
8 Articles
8 Articles
RH Stock Surges on Surprise Q1 Profit and Steady Outlook
Shares of Restoration Hardware (RH) soared more than 11% in early trading Friday after the company reported an unexpected profit in the first quarter, easing investor concerns about ongoing tariffs and a sluggish housing market. The high-end home furnishings retailer posted earnings of $0.13 per share, defying analyst expectations of a $0.05 loss. While revenue came in slightly below forecasts—$814 million versus the $819 million estimate, accor…
RH Continues to Mitigate Tariff Pressure; Says Revenues Will Take Short-term Hit in Q2
In the company's first-quarter earnings report, RH CEO Gary Friedman said the company is sticking with its full-year guidance, expressing enthusiasm over upcoming Paris Gallery opening in September.
RH Jumps After Maintaining Its Outlook, Alleviating Concerns
Luxury furniture company RH surged in late trading after keeping its outlook for the full year unchanged, alleviating investors’ concerns that US tariffs and a weak housing market would hurt the company’s performance.
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